With roughly 10,000 Americans turning 65 every day, the federal government is implementing a plan to make it less lucrative for your physician to prescribe the most expensive prescription drugs for your condition.
When a physician prescribes medication under Part B (these are usually injected medicines), Medicare will pay a percentage of the cost as an add-on bonus meant to help them cover the cost of your care. By converting a portion of that to a flat fee, the government hopes to reduce the incentive to administer the most expensive drugs in favor of the most appropriate drugs.
The plan’s ultimate goal is to keep your Part B premiums affordable.
The Obama Administration’s Newly Implemented Plan to Curb Medicare Drug Inflation – Motley Fool
Sat, 16 Apr 2016 15:41:17 GMT
Motley Fool – The Obama Administration’s Newly Implemented Plan to Curb Medicare Drug Inflation
Medicare, the program that’s been helping to cover healthcare benefits and expenses for seniors and the disabled for more than 50 years, is struggling mightily. Three major shifts have put the program on an unsustainable path …