Medicare Part D prescription drug coverage saved $1.5 billion a year in first 4 years
Tuesday, March 4, 2014 - 08:01
in Health & Medicine
Medicare Part D prescription coverage significantly reduced hospital admissions and program expenditures totaling $1.5 billion annually, a new study concludes. In the largest and most rigorous impact analysis of Medicare Part D to date, researchers found that gaining prescription drug insurance through Medicare Part D reduced hospitalizations by 8%, decreased annual Medicare expenditures for hospitalization by 7% and reduced hospital charges associated with hospitalization by 12% during the program's first four years.