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Bill USA

(6,436 posts)
Mon Mar 19, 2012, 04:45 PM Mar 2012

Seniors see savings on Rx drugs under 2010 health care law

http://yourlife.usatoday.com/health/healthcare/story/2012-03-19/Seniors-see-savings-on-Rx-drugs-under-2010-health-care-law/53621502/1

By Kelly Kennedy, USA TODAY

WASHINGTON – Almost 4 million seniors saved about $2.16 billion through discounts for their prescription medications in 2011, the Department of Health and Human Services plans to announce today.

Government costs for prescription medications through Medicare should decrease after seniors saved more than $2 billion in 2011 through discounts offered by the program.

This, administrators say, should help keep costs to the government down in the future.

"Before, many beneficiaries were forced to stop taking the drugs," said Jonathan Blum, director of the Center for Medicare. "This reduces costs through better management."

[font size="3"]When Medicare recipients are able to take their medications, Blum said, they are hospitalized less often for heart attacks, low blood sugar and asthma attacks. So far, he added, available data don't reflect savings for those hospitalizations to Medicare.[/font]
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CAPHAVOC

(1,138 posts)
1. Polishing this bigun
Mon Mar 19, 2012, 05:12 PM
Mar 2012

Will not help. I only hope the SCOTUS puts us out of its misery. Otherwise it will destroy the Democratic Party as the GOP hangs it around the neck for years to come. They will not repeal it they will use it as a club. We will be the clubee.

Bill USA

(6,436 posts)
4. I'm trying to figure out how lowering costs and making people's meds less expensive "will not help".
Mon Mar 19, 2012, 08:18 PM
Mar 2012

Less expensive meds means there will be less of people going without them.

The fact that improvements are being made manifest in only one to two years is quite encouraging. And the best is yet to come... when people who couldn't afford insurance start getting covered and don't have to go into emergency rooms (which we pay for in insurance premiums and payments to hospitals by the Goveernment) for medical attention means we will see much greater improvements - in the health of our population and the cost of health care (private insurance and medicare).

Bill USA

(6,436 posts)
5. New Study: Health Care Costs Fall When Poor Get Health Care Coverage
Mon Mar 19, 2012, 08:45 PM
Mar 2012
http://www.democraticunderground.com/101614061


"In a case study involving low-income people enrolled in a community-based health insurance program, we found that use of primary care increased but use of emergency services fell, and -- over time -- total health care costs declined," David Neumark, a co-author of the study, said in a release accompanying the findings.

The study -- which focused on uninsured people in Richmond, Virginia who fell 200 percent below the poverty line -- found that over three years, health care costs fell by almost 50 percent per participant, from $8,899 in the first year to $4,569 in the third after they received insurance. Participants who enrolled in health coverage made fewer trips to the emergency room, which are notorious for running up patient bills. Instead, insured participants went for more primary care visits.

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zipplewrath

(16,646 posts)
2. And probably won't
Mon Mar 19, 2012, 05:13 PM
Mar 2012

We'll see, but frequently the implied savings don't materialize. The usual explanation is that, yes they are healthier, but the result is that they don't die from "heart attacks, low blood sugar and asthma attacks" and so they continue to rack up costs to the system.

I'm glad they aren't dying, I'd just be careful about presuming how much will be saved because of that. The goal is making them live, not making them cheaper.

Bill USA

(6,436 posts)
3. one line of attack by the Corporate Lobbyist Party has been that the HCR passed will not lower costs
Mon Mar 19, 2012, 08:10 PM
Mar 2012

this shows costs are being lowered. And, if people don't go into the hospital as much it is clear costs for hospital care will go down.

Also, if the costs for those under medicare plan D have gone down for their meds then they are less likely to go without them. Certainly this results in an improvement in quality of healthcare.

THus, as Obama said - we can improve quality AND reduce costs.


thanks for your thoughts.

indykatie1955

(63 posts)
6. Studies Have Proved that Increased Medication Compliance Lowers Hospital Costs
Mon Mar 19, 2012, 08:55 PM
Mar 2012

These are 2 standard metrics that health plans and self insured Employer groups routinely track. The data that supports this is not in dispute. Some active employer plans and carriers even have programs that offer some drug classes free, typically for diabetics and those with asthma or high blood pressure because they understand it will lower the cost of other medical care such hospitalizations. The Kaiser Foundation is a good source for information on the impact that government programs such as Part D that provides coverage for prescription drugs is having on overall healthcare costs. This coverage was improved in Obama's health care legislation primarily through the elimination of the donut hole over time and a 50% discount on Brand name drugs for those in the donut hole. These provisions are responsible for millions in savings to seniors which has been documented.

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