Archive for March, 2006

Analysis: Medicare Rx transition ends

“Although the initial transition period is ending, the requirement for an effective transition process for all the drug plans is not,” he told reporters. “We will impose penalties when plans don’t meet the Part D standards.” McClellan said that Medicare would release data on insurers’ call-center wait times and handling of appeals “in a matter [...]

Medicare Patients Find Drug Restrictions

“So far, we haven’t seen comments that we should do something vastly different from what we’re doing now,” said McClellan, administrator for the Centers for Medicare and medicaid services. “We’ll keep looking closely to make sure we’re striking that balance.” “Sometimes they have cost-savings benefits, sometimes they don’t,” said Merritt, president of the Pharmaceutical Care [...]

Medicare notices sent to clear up drug plan

Christina Pearson, a spokesman for the Department of Health and Human services, estimated that 500,000 people could receive notices as part of the “enrollment reconciliation process.” The letters, being sent by private insurance companies on a government letterhead, say: “The purpose of this notice is to confirm your choice of a Medicare prescription drug plan [...]

Medicare drug plan is paying off for some

Shores, 80, had been buying medicines from a mail-order pharmacy in Winnipeg, Manitoba, but now uses Medicare instead. “I was amazed at the amount of money it saved,” Shores said. “It was hard to believe.” Jack L. Coffey, associate dean of the University of Oklahoma College of Pharmacy, who owns four drugstores, said: “In a [...]

Medicare notifies those enrolled in 2 drug plans

Christina Pearson, a spokesperson for the Department of Health and Human services, estimated that 500,000 people could receive notices as part of the “enrollment reconciliation process.” People have the option of staying in their original plan, but must indicate that desire by calling that insurer. Otherwise, the letter says, “you will no longer be able [...]

Honeymoon Is Over for Medicare Part D
Rocky Road Lies Ahead But Canadian Pharmacies Offer Help and Hope

“Medicare D is over-promising and under-delivering,” says Ramy Attalla, Director of Communications at ADV-Care Pharmacy. “It offers some benefits but there are serious gaps that Canadian medications can fill beautifully. Patients are discovering that a CANADA + MEDICARE approach can be the best option.”. Read more on this topic.

Medicare blues

“The insurance companies spent all this money on advertising and didn’t spend enough on people to take care of the problems. Not only do I have to wait a long time to talk to someone, I have to find somebody who actually knows what they’re talking about.” “Our pharmacy doesn’t open until 9 a.m., but [...]

New Article: Medicare Part D Doesn’t Have To Be Confusing

Please read the newly created article entitled Medicare Part D Doesn’t Have To Be Confusing, it is quite informative.

More Elderly Enrolling in Medicare Drug Plan

“We’re reaching out to seniors to suggest there will be a surge at the end. Human nature tells you that,” Leavitt said. “What that means is we’ll likely see a lot of people trying to sign up at the same time. They can avoid that rush by signing up now.”. Read more on this topic.

Dole here to praise Medicare’s prescription program

“There’s all the negative stories making the news,” he said at a news conference at the Senator John Heinz Pittsburgh Regional History Center, Strip District. “There’s bound to be a glitch or two. It’s a big, big, big program, but it’s a good program.” Mr. Dole expects that many others will similarly benefit. “This is [...]

Critics say Medicare plan costly, wasteful

The institute’s report, according to the group’s news release, “shows that the primary source of waste in the drug plan is the decision, dictated by drug and insurance industry lobbyists, to provide coverage through private providers and to prohibit Medicare from using its leverage as a bulk buyer to negotiate lower prices.” “Risk-bearing drug plans [...]

For Some Who Manage to Solve Puzzle, New Medicare Drug Plan Is Paying Off

Mrs. Shores, 80, had been buying medicines from a mail-order pharmacy in Winnipeg, Manitoba, but now uses Medicare instead. “I was amazed at the amount of money it saved,” Mrs. Shores said. “It was hard to believe.” Jack L. Coffey, associate dean of the University of Oklahoma College of Pharmacy, owns four drugstores. “In a [...]

140,000 sign up for Medicare drug plans

“Seniors are seeing the real benefits Part D offers,” Leavitt told reporters. “Also, seniors are getting a lot of help in signing up.” “There were all kinds of rumors flying around, and one thing I kept hearing is that if you don’t sign up, they’ll assign you something or you’ll end up paying for it,” [...]

Medicare drug sign-ups pushed

“I tell them that this insurance policy is like all others,” she said. “It’s not about today. It’s about tomorrow. It’s an insurance policy against an illness that could produce a great need for a pharmaceutical benefit in the future.” Passmore agreed. “Even if you don’t have any or very low present drug costs, you [...]

Intermagnetics Shares Decline on Analyst Downgrade Citing Medicare Reimbursement Concerns

“Through no fault of their own, Intermagnetics is caught up in what could be a very dramatic change in U.S. market dynamics for the imaging industry in 2006,” wrote RBC Capital Markets analyst William R. Quirk in a note to clients, downgrading the Latham, N.Y., company to “Underperform” from “Sector Perform.” The analyst added that, [...]