1 in 5 pay more in Medicare Rx plan
Medicare’s new prescription-drug program has increased out-of-pocket costs for about one in five participants, causing some to risk their health by reducing or eliminating medications.
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Though most of the more than 30 million beneficiaries enrolled in the program are saving money, two recent surveys suggest a substantial minority of seniors and people with disabilities are not:
• A Kaiser Family Foundation poll taken April 6-11 found 55% of 154 seniors who had enrolled said the plan would save them money, 19% said it would cost more, and another 19% said they would break even.
• A KRC Research poll taken March 15-20 for the Medicare Rx Education Network, a consortium of groups working to implement the law, found 59% of 201 enrolled seniors saved money, but 23% did not.
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