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Keyword: medicaredrugcosts

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  • Analysts: Medicare Drug Costs Will Rise

    11/25/2003 3:51:17 PM PST · by NormsRevenge · 11 replies · 323+ views
    Yahoo News ^ | 11/25/03 | Mark Sherman - AP
    WASHINGTON - Seniors will face annual increases in premiums and deductibles — and a growing gap in coverage — for the prescription drugs they buy under the new Medicare law, budget analysts say. For example, the $250 annual deductible at the start of the program in 2006 is projected to rise to $445 by 2013. The legislation that won final congressional approval Tuesday would allow seniors to buy coverage — at an estimated monthly premium of $35 — for their prescription drugs beginning in three years. After they agreed to the monthly premiums and paid their first $250 in pharmacy...