Navigation Links
No Increase in Medicare Drug Premiums in 2012
Date:8/5/2011

By Steven Reinberg
HealthDay Reporter

THURSDAY, Aug. 4 (HealthDay News) -- In 2012, the average Medicare premium seniors pay for their prescription drugs will actually drop slightly, U.S. officials announced Thursday.

Overall, the average premium cost of the Medicare Part D prescription drug plan in 2012 will be about $30, a modest decline from $30.76 paid out on average in 2011, representatives of the U.S. Department of Health and Human Services (HHS) said during an afternoon press conference.

How is the plan able to keep premiums low? According to officials, Medicare's popular drug benefits program is benefiting from competition between private insurance plans and the growing use of cheaper generic medicines. And they say that situation might even get rosier in the future, as more blockbuster drugs are set to go generic over the next couple years.

In addition, so far this year almost 900,000 Medicare patients who dropped into the prescription drug donut hole -- where costs aren't covered -- got a 50 percent discount on their drugs to help ease that financial hardship, HHS officials said.

Agency Secretary Kathleen Sebelius credited the Obama Administration's health care reform efforts with much of the cost savings to seniors.

"The Affordable Care Act is strengthening a very critical Medicare program and helping million of seniors and Americans with disabilities get the care they need," she said. "Thanks to the new discounts, beneficiaries are saving hundreds of millions of dollars in the Medicare Part D coverage gap, known as the donut hole, at the same time as Part D premiums are falling," she said.

Overall, out-of-pocket savings on drugs for Medicare patients rose to $461 million through June 2011, health officials said. That's an increase of $260 million through May 2011, meaning that Medicare patients in the donut hole saved more than $200 million in June alone.

"Also, millions
'/>"/>

Copyright©2010 ScoutNews,LLC.
All rights reserved  

Page: 1 2 3

Related medicine news :

1. Governor Rendell Proposes Budget With No Tax Increase, More Money for Public Schools, Strategy for Jobs, Plan to Address Future Deficits
2. Soft drinks may increase risk of pancreatic cancer
3. New Report: $1 Cigarette Tax Increase Would Raise $418.8 Million for Texas and Cut Youth Smoking
4. New Report: $1 Cigarette Tax Increase Would Raise $18.6 Million for Montana and Cut Youth Smoking
5. New Report: $1 Cigarette Tax Increase Would Raise $24.8 Million for Wyoming and Cut Youth Smoking
6. New Report: $1 Cigarette Tax Increase Would Raise $43.3 Million for Utah and Cut Youth Smoking
7. New Report: $1 Cigarette Tax Increase Would Raise $113.9 Million for Colorado and Cut Youth Smoking
8. New Report: $1 Cigarette Tax Increase Would Raise $65.3 Million for Iowa and Cut Youth Smoking
9. Migraine Linked to Increased Heart Attack Risk
10. Anthem Blue Cross of California Agrees to Request From California Department of Insurance for Additional Time to Re-Review Rate Increase
11. Anthem Blue Crosss Announcement That It Will Temporarily Suspend a 39% Health Insurance Rate Increase Should Not Deter Immediate Legislative Action
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
No Increase in Medicare Drug Premiums in 2012
(Date:12/25/2014)... three months the trends for evening dresses shift ... one of the hottest styles in the next few months.” ... releases 26 A-line sweetheart evening dresses, and announces the availability ... are trying our best to help a lady to show ... affordable prices, we provide discounted delivery costs to our customers ...
(Date:12/25/2014)... The short film “Color of Honor” by young ... a true 9/11 hero, Welles Remy Crowther. It has been ... hours of Nuremberg International Short Film Festival and the 8th ... screenwriter and director Luciana Lagana plays the mother of ... husband, Gregory Graham - Graham plays a heroic ...
(Date:12/25/2014)... Helen Harris’ RP (Retinitis Pigmentosa) International ... after an 8 year battle with breast cancer. ... in her home in Woodland Hills California after an ... , As the founder and volunteer President ... and championed many of today's greatest breakthroughs in restoring ...
(Date:12/25/2014)... Dennis Thompson HealthDay Reporter ... children with complex chronic illnesses can receive effective, less expensive ... with easy access to a team of dedicated health care ... to become seriously ill and need either hospitalization or a ... an enhanced medical home clinic at the University of Texas ...
(Date:12/25/2014)... (HealthDay News) -- Among early stage breast cancer patients ... of one percent will eventually develop leukemia as a ... The finding comes from a review of more than ... and it suggests that the risk for developing treatment-related ... previously thought. "The frequency of bone marrow cancers ...
Breaking Medicine News(10 mins):Health News:The True 9/11 Hero Story “Color of Honor” Premieres in Germany and Bangladesh: Luciana Lagana Plays the Mother of the Lead and Co-Produces with Blaise Dolcemaschio. 2Health News:The True 9/11 Hero Story “Color of Honor” Premieres in Germany and Bangladesh: Luciana Lagana Plays the Mother of the Lead and Co-Produces with Blaise Dolcemaschio. 3Health News:RP International founder, Helen Harris Dies on Christmas Eve Just Hours Before Her Holiday Television Broadcast to Raise Funds to Cure Blindness was Broadcasted Nationally 2Health News:RP International founder, Helen Harris Dies on Christmas Eve Just Hours Before Her Holiday Television Broadcast to Raise Funds to Cure Blindness was Broadcasted Nationally 3Health News:RP International founder, Helen Harris Dies on Christmas Eve Just Hours Before Her Holiday Television Broadcast to Raise Funds to Cure Blindness was Broadcasted Nationally 4Health News:Coordinated Care Through 'Medical Home' Best for Chronically Ill Kids: Study 2Health News:Coordinated Care Through 'Medical Home' Best for Chronically Ill Kids: Study 3Health News:Breast Cancer Chemo Tied to Small But Significant Leukemia Risk 2Health News:Breast Cancer Chemo Tied to Small But Significant Leukemia Risk 3
... at a premium among Afghan couples, reports say. ... do scout around for sperm donors and invariably land ... never-ending conflicts, sparked by Islamist fervour that might ... such imbalances in turn could in turn lead to ...
... scientific review of a dozen patients who have received the ... technique is safe and may be effective at staving off ... of whom live on Long Island, are in advanced stages ... when they signed on for the experimental therapy. The study ...
... employed on the moon in the not too distant ... ,According toChester Spell, an associate professor of management at ... tomorrow - or, for that matter, the space stations ... health of employees working in isolation for extended periods. ...
... Purdue University researchers have begun the first phase of human ... designed in-house. ,The drug is based on ... university. The researchers say that it may help intercept and ... of people suffer from this devastating disease and treatment options ...
... against Human Cytomegalovirus (hCMV) infection and disease was developed by ... (UCSD) Skaggs School of Pharmacy and Pharmaceutical Sciences. ... viral cause of birth defects and a serious problem in ... protect against infection by the virus, estimated to be present ...
... for testing and measuring xanthones. Preliminary results from ... indicate usage of the whole mangosteen fruit as ... ,XanGo, LLC, recognized creator of the ... the whole mangosteen fruit (Garcinia mangostana) through a ...
Cached Medicine News:Health News:Afghan Couple Turn to Indian Sperm Banks for Help 2Health News:Gene Therapy for Parkinsons Disease 2Health News:Ex-IITian-designed Alzheimer's Drug's Human Clinical Trials Begin 2Health News:New Vaccine for CMV Infection 2Health News:New Vaccine for CMV Infection 3Health News:New Technique to Measure Xanthone in Mangosteen 2Health News:New Technique to Measure Xanthone in Mangosteen 3
(Date:12/24/2014)... and FARMINGTON, Conn. ... Inc. (NYSE MKT: PTN), a biopharmaceutical company developing ... diseases with significant unmet medical need and commercial ... a private placement of 2,050,000 shares of its ... 24,949,325 shares of its common stock.  Funds under ...
(Date:12/24/2014)... 23, 2014 ResMed (NYSE: RMD ) ... against Chinese medical device manufacturer BMC Medical Co., Ltd. ... BMC,s masks listed below infringe ResMed,s patents, and entered an ... in the United States : ... , Willow nasal pillows mask , iVolve full ...
(Date:12/24/2014)... , Dec. 23, 2014  The American Diabetes ... pressure target for people with diabetes and that ... high doses of statins, in keeping with recent ... by the American College of Cardiology (ACC) and ... in the most recent changes to the Association,s ...
Breaking Medicine Technology:Palatin Completes $20 Million Equity and $10 Million Debt Financings 2Palatin Completes $20 Million Equity and $10 Million Debt Financings 3Palatin Completes $20 Million Equity and $10 Million Debt Financings 4ResMed Wins Patent Infringement Lawsuit Against Chinese Manufacturer BMC Medical 2New Standards of Care Provide Guidelines for Statin Use for People with Diabetes to Prevent Heart Disease 2New Standards of Care Provide Guidelines for Statin Use for People with Diabetes to Prevent Heart Disease 3New Standards of Care Provide Guidelines for Statin Use for People with Diabetes to Prevent Heart Disease 4
... to need emergency room treatment or hospitalization when ... series to examine factors impacting patient response to ... of a new study presented at the 2009 ... Allergy and Immunology (AAAAI) show dramatic reductions in ...
... At the Health Industries Council meeting on March 11, ... health and behavioral sciences at the University of ... Health, announced new findings that indicate that mortality is ... reduced spending on health care have a direct effect ...
Cached Medicine Technology:New Study Suggests Cholesterol-Lowering Statins Reduce Severe Asthma Attacks that Result in Hospitalizations and Emergency Room Visits 2New Study Suggests Cholesterol-Lowering Statins Reduce Severe Asthma Attacks that Result in Hospitalizations and Emergency Room Visits 3New Study Suggests Cholesterol-Lowering Statins Reduce Severe Asthma Attacks that Result in Hospitalizations and Emergency Room Visits 4Unemployment, Health Care Spending Affect Mortality 2
... Plate Shaker with Timer are designed to give ... & 384-well microplates. The on/off button, power supply ... the side of the unit. The speed knob ... for adjustment of speed from a minimum 950 ...
Microplate incubator shaker used in a variety of immunoassay and research procedures requiring microplates....
Multiparameter laser and arc lamp flow cytometer for all applications in immunology, microbiology, cell biology, pathology, hematology, lymphocyte dubset and cell analysis....
This unique system combines the analytical power of a research cytometer into a compact, truly walk away, clinical analyzer ergonomically designed to expedite sample throughput....
Medicine Products: