Wednesday, January 9, 2008

Medicare Part D Lowers Drug Costs by 17%

A new study has found that Medicare Part D has helped lower out-of-pocket prescription drug costs by 17%, or $9 per month, for those who enrolled in the benefit program in 2006 (the first full year that the program was available).

Those savings translate into an extra 14 days of medicine, or a 19% increase in prescription usage, which could indicate use of medication that otherwise was unaffordable.

According to study authors, the results of drug usage are not surprising, but it does show that the Part D program is working ... calling the Part D impact on Americans "modest but significant."

The results of this study will be published in the February 5 issue of the Annals of Internal Medicine. Read more here.

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