The Medicare Information Solution: Part 2

This article is continued from Part 1. Retiree benefits are received by approximately one in every three Medicare beneficiaries, and are a form of supplemental coverage from the retirement health plan provided by their former employers. For these individuals, Medicare began quite simply. They would use both Parts A and B, and then would simply use the insurance from their former employers to cover the out-of-pocket costs such as prescription drugs. The majority of individuals who have this option available to them will take it. However, employers are offering this…

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Healthcare spending cuts will be expensive to seniors

The recent budget deal and struggles in negotiations over the national debt have handed lawmakers yet another requirement to further slash federal spending, and healthcare price controls are one of the plans being considered to help achieve that goal; forcing seniors to have to pay more for their necessary medications. These Medicare Part D program prescription drug price controls aren’t a new idea, but they have been brought back into the spotlight by Rep. Henry Waxman (D-Calif) and Sen. Jay Rockefeller (D-W.Va.), who are the most recent to advocate the…

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