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Released: August 05, 2011
Cost of Medicare’s Part D drug plan is dropping
Source: Noam N. Levey, Los Angeles Times (Free Registration)
Even as health costs continue to rise, Medicare beneficiaries will see the average price of a Part D drug plan decline slightly next year, the Obama administration announced Thursday, offering some relief amid pressure to cut the federal health insurance program for the elderly. The Part D drug benefit, created under the George W. Bush administration, allows seniors and others on Medicare to sign up for a privately administered, government-subsidized health plan to get their prescriptions.Read Full Article: Cost of Medicare’s Part D drug plan is dropping
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