DISTURBING TRUTHS AND DANGEROUS TRENDS: The Facts About Medicare Beneficiaries and Prescription Drug Coverage

7/23/99


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Table of Contents

DISTURBING TRUTHS AND DANGEROUS TRENDS: The Facts About Medicare Beneficiaries and Prescription Drug Coverage

Medicare Beneficiaries Need Prescription Drugs

Three Out Of Four Beneficiaries Do Not Have Solid Private Drug Coverage

PRIVATE DRUG COVERAGE:

Retiree Health Coverage Is Declining 25% Fewer Firms Are Offering Retiree Health Benefits

Medigap Premiums For Drugs Are High And Increase With Age, 1999

Beneficiaries With Medigap Still Pay High Out-Of-Pocket Drug Costs On Top Of The Premium For The Base Medigap, Beneficiaries Pay An Extra Premium For Drugs Plus Out-Of-Pocket Spending for Drugs

PUBLIC COVERAGE FOR PRESCRIPTION DRUGS

Value of Medicare Managed Care Drug Benefits Is Declining Nearly Three-Fifths Of Plans Will Cap Benefit Payments Below $1,000 In 2000

Limits on Medicare Managed Care Drug Benefit Are Getting Lower Proportion Of Plans With A $500 Or Lower Limit Has Increased By 50%

Participation In Medicaid Is Low Only 40% Of Eligible Beneficiaries Are Enrolled in Medicaid

MILLIONS OF BENEFICIARIES HAVE NO DRUG COVERAGE

Many Uninsured In Middle Class Over Half of Medicare Beneficiaries Who Lack Prescription Drug Coverage Are In The Middle Class

Lack of Insurance Affects All Medicare Beneficiaries Income of Beneficiaries Lacking Coverage Matches That Of All Beneficiaries

Methodology



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