Mental Health Patients Face High Out-of-Pocket Costs Under Medicare Part D Prescription Benefit
“The new Medicare drug law protects elderly patients with mental illness who would otherwise have had no coverage and face high prescription drug costs, but existing private coverage is substantially better than the standard Part D plan,” said Gibson. “Employers play an important role in providing prescription drug coverage to retirees. Employers weighing a move to Medicare Part D for retiree benefits need to consider more than the initial cost savings, especially when the impacts from potentially decreased utilization are taken into account.”
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