#MedicareMonday: Providing Value to Beneficiaries

#MedicareMonday: Providing Value to Beneficiaries Medicare Part D is an incredibly important and successful program that provides seniors and persons with disabilities with access to affordable prescription drug coverage. While recent surveys indicating about 90 percent of beneficiaries are satisfied with their Part D coverage, you may not know about all the ways Medicare provides value to beneficiaries. That’s why we’re launching #MedicareMonday to highlight various aspects of the program.
To kick off, here are some basic facts about how Medicare Part D helps patients by providing access and choice:
By increasing access to needed medicines, beneficiaries are more likely to adhere to their prescriptions, which reduces spending on other health care services. For example, Part D coverage was linked to an eight percent decrease in hospital admissions for seniors and approximately $1.5 billion in hospital cost savings, according to a 2014 National Bureau of Economic Research study.
Relatively stable average monthly premiums of just $32 in 2015 – up just $1 from 2014 – help to keep coverage affordable for beneficiaries.
In 2015, there are more than 1,000 prescription drug plans available nationwide. In every region, Part D beneficiaries can choose from at least 24 plans.
As we share more about the benefits of Medicare Part D, we also want to hear from you. Post your thoughts to the comments section below or use the #MedicareMonday hashtag. Also be sure to check The Catalys...

Source: PHRMA - February 2, 2015 Category: Pharmaceuticals Authors: Emily Source Type: news