Medication Prices In Medicare Prescription Drug Benefit "Doughnut Hole" Often Higher Than Retail Prices, Study Finds

The lowest retail price in rather of six verified medication at pharmacies within Broward County, Fla., at least possible 80% of the circumstance be gobbledygook than the prices Medicare beneficiary would rate in the so-called "doughnut hole" coverage chink of the prescription medication lead, according to a be educated released on topmost of Tuesday by Consumers Union, the Tallahassee Democrat reports (Price, Tallahassee Democrat, 10/11). Under the doughnut wound, Medicare beneficiaries are culpable for 100% of annual prescription drug costs involving $2,250 and $5,100. Medicare top 95% of annual prescription drug costs that do as okay noticeably $5,100 (Kaiser Daily Health Policy Report, 10/3). For the study, researchers in August examine retail prices for Lipitor, Toprol, Synthroid, Norvasc, Zoloft and Hydrocodone at 261 pharmacies in the county. Researchers equate the retail prices bordering to those Medicare beneficiaries would pay in the doughnut hole lower than the 44 prescription drug diplomacy untaken in the county (Hatcher, Miami Herald, 10/11). According to the study, the retail prices in a digit of cases be 10% lower than those Medicare beneficiaries would pay in the doughnut hole (LaMendola, South Florida Sun-Sentinel, 10/11). In reckon, researchers compared the prices that Medicare beneficiaries would pay in the doughnut hole with those rewarded by the Department of Veterans Affairs. The prices VA paid for the six medications on middle were 54% lower than those Medicare beneficiaries in the doughnut hole would pay, the study find (Miami Herald, 10/11).

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