Seniors can expect to pay more for prescription drugs than ever as Medicare shifts to a greater reliance on coinsurance, rather than co-payments.
A new study by Avalere Health finds that 58 percent of drugs offered by Medicare are subject to coinsurance. That is a dramatic shift in just the past two years. In 2014, only 35 percent required coinsurance, and in 2015 only 45 percent did.
Traditionally, it was only the highest-cost drugs that were paid via coinsurance, but it's quickly becoming the standard model for all types of medications that the nation's 55 million seniors depend on.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
