Navigation Links
New Avalere Analysis: Top Five Medicare Part D Plans with the Lowest Average Premiums Have Preferred Pharmacy Networks
Date:6/21/2013

Washington D.C. (PRWEB) June 21, 2013

The top five Medicare Part D plans with the lowest average premiums all have preferred pharmacy networks, according to a new analysis conducted by Avalere Health for the Pharmaceutical Care Management Association (PCMA). Of all Part D plans with national or near-national status, seven of the top 10 with the lowest average premiums have preferred pharmacy networks.

"Seniors rely on low premium preferred network plans, but the drugstore lobby opposes them in Medicare Part D. That’s because preferred network plans make drugstores compete by offering greater discounts," said PCMA President and CEO Mark Merritt.

Avalere calculated 2013 average premiums for all Medicare Prescription Drug Plans (PDPs) across all 34 Medicare regions (excluding US territories) based on enrollment as of May 2013.

Their analysis shows:

  •     A plan with a preferred pharmacy network offers the lowest average monthly premium of any Medicare PDP ($15).
  •     The five Medicare PDPs with the lowest average monthly premiums have preferred pharmacy networks.
  •     Seven out of the top 10 Medicare PDPs with the lowest average premiums and national or near-national status have preferred pharmacy networks.

A recent national poll by Hart Research Associates shows that seniors in plans with preferred pharmacy networks are overwhelmingly satisfied, citing lower costs and convenient access to pharmacies among other benefits. The survey revealed that 80% of those in preferred pharmacy plans—which translates to over 7 million seniors— would be very upset if their plan was no longer available in the future.

In addition, a recent study by Visante found that Medicare could save $35 billion over the next decade by leveraging greater use of pharmacy networks. Currently, there are more drugstores in the U.S. than McDonald’s, Burger Kings, Pizza Huts, Wendy’s, Taco Bells, Kentucky Fried Chickens, Domino’s Pizzas, and Dunkin’ Donuts combined, creating a highly competitive environment.

Read the full story at http://www.prweb.com/releases/2013/6/prweb10851646.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Systematic analysis: High global burden of oral conditions -- 3.9 billion affected
2. U.S. Medical Waste Market Analysis: Treatment, Containment, Management and Disposal Products Reviewed in New Research Report at ReportsnReports.com
3. Meta-analysis: Interventions improve depression in cancer patients
4. PREFERRED Therapy Providers, Inc. and WellCare of Arizona Finalize Their Agreement to Offer Medicare Advantage Plan to PREFERRED's Arizona Provider Network
5. June 25 Webinar: Gorman Health Group Senior VP of Finance Will Discuss How Medicare ACOs Can Transition to Medicare Advantage
6. Medicare beneficiaries substantially more likely to use brand-name drugs than VA patients
7. Parker Waichman LLC Applauds Seniors for their Role in Helping to Recover $14.9 billion in Medicare Fraud over the Past Four Years
8. Skipping Meds May Raise Odds of ER Visits for Certain Medicare Patients
9. June 6 Webinar Offers Winning Medicare Advantage Go-to-Market Strategies for 2014
10. Vein Specialties Now Accepting Medicare Patients
11. Private insurers Medicare Advantage plans cost Medicare an extra $34.1 billion in 2012
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/24/2017)... ... May 24, 2017 , ... Patients who want to receive ... now meet with Dr. Joseph Bedich for a consultation, with or without a referral. ... oral health and functionality. , Dr. Bedich offers a variety of cosmetic ...
(Date:5/24/2017)... ... May 24, 2017 , ... Dr. ... of the HP3 (High-Performance Periodontal Practice) continuing education (CE) series. As a compassionate ... in his field by attending numerous CE courses each year. His recent course, ...
(Date:5/24/2017)... Brentwood, TN (PRWEB) , ... May 24, 2017 ... ... announced the addition of ExtraHop to its solutions portfolio. ExtraHop delivers an analytics-first ... and security of every IT system, from the datacenter to the cloud to ...
(Date:5/24/2017)... ... 2017 , ... Rob Lowe is a sought after actor, and also serves ... the public important topics from all aspects of life, and a new segment is ... feet and ankles. , Podiatry is essential to people’s overall well-being, and if viewers ...
(Date:5/24/2017)... (PRWEB) , ... May 24, 2017 , ... Technique, technique, ... back injury when either lifting weights for strength training and exercise or simply lifting ... Center . , “Body position is everything,” Dr. Chang says. “Improper technique in lifting ...
Breaking Medicine News(10 mins):
(Date:5/4/2017)... Clarius Mobile Health, a digital healthcare ... this week at the American Congress of Obstetricians ... San Diego, CA from May ... perfect tool for clinicians to easily confirm pregnancy, ... pregnancy-related complications like ectopic pregnancy and placenta previa," ...
(Date:5/4/2017)... 2017  DarioHealth Corp. (NASDAQ: DRIO), a leading global ... solutions, today announced that it is teaming up with ... Limited to lower diabetes healthcare costs in ... which is available throughout all provinces and territories in ... eligible for additional savings when shopping for Dario supplies ...
(Date:5/4/2017)... May 4, 2017   BioLife Solutions , Inc. ... and marketer of proprietary clinical grade hypothermic storage ... the "Company"), today announced that the Company,s first quarter ... on Thursday, May 11, 2017, and that the Company ... 1:30 p.m. PT that afternoon. Management will provide an ...
Breaking Medicine Technology: