Medicare Advantages And Disadvantages

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The advantages from my idea would be less money that consumer has to pay out of pocket per month in expenses for prescriptions and a decrease of prices in the market. To improve older adults’ access to prescription medications, Congress passed the Medicare Prescription Drug Improvement and Modernization Act.1 The Act established a voluntary prescription drug insurance benefit, known as Medicare Part D (Polinski,Kilabuk, Schneeweiss, Brennan, & Shrank, 2010). Of the approximately 24 million beneficiaries enrolled in Medicare Part D in 2007, 3.4 million reached the ‘‘coverage gap’’: between $2,400 and $5,451 in total drug expenditures, where beneficiaries pay 100% of drug costs out of pocket (Tseng, et al, 2009). Part D implementation was associated

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