Loading...
Medicare Drug Plan Prices are Increasing Rapidly
House Committee on Government Reform Special Investigations Division
House Committee on Government Reform
Special Investigations Division
Abstract
The Special Investigations Division of the House Committee on Government Reform examines the pricing changes under the new Medicare Part D prescription drug plans in the first seven weeks of the program. The analysis reveals widespread, rapid, and significant price increases, with Medicare drug plans raising prices by over 4% between December 2005 and February 2006. The report highlights that these price increases are higher than comparable benchmarks, such as Canadian prices and Drugstore.com prices, indicating potential challenges in delivering cost savings to seniors and taxpayers as promised.
Date
2006-02-21
Document Type
House Minority Staff Report
Serial Number
Document Length
11 pages
Congress
109
Relation
DOI
Keywords
Staff Reports
PAP Major Code
3: Health
PAP Minor Code
335: Prescription Drug Coverage and Costs
Related Hearings
Senate Committee on Finance, hearing on "Implementing the Medicare Prescription Drug Benefit and Medicare Advantage Program: Perspectives on the Proposed Rules," 108th Cong., S.Hrg. 108-767, (2004, September 14)