The new medicare part D prescription drug benefit: An estimation of its effect on prescription drug costs in a medicare population with atrial fibrillation

Carmella Evans-Molina, Susan Regan, Lori E. Henault, Elaine M. Hylek, Gregory R. Schwartz

Research output: Contribution to journalArticle

9 Scopus citations

Abstract

OBJECTIVES: To compare prescription drug cost savings under the most commonly selected Medicare Part D prescription plan in 2006 with savings under the Medicare standard benefit and with drug costs assuming no coverage in an elderly cohort of patients. DESIGN: Inception cohort study. SETTING: An academic medical center. PARTICIPANTS: Four hundred seventy-two patients aged 65 and older who were followed as part of a larger study assessing stroke prevention in patients with atrial fibrillation. MEASUREMENTS: Prescription drug expenditures were calculated for each patient in the cohort under three conditions: the 2006 AARP-endorsed prescription drug plan, the Medicare standard benefit, and no prescription drug coverage. RESULTS: Total prescriptions drug costs were lower under the AARP plan, yet patients paid a similar percentage of total costs under the AARP plan and the Medicare standard benefit. Using different cost assessments, 27% to 46% of patients entered the "doughnut hole" in the AARP plan, and 3% to 11% emerged to receive catastrophic coverage. CONCLUSION: Both the AARP-sponsored and standard Medicare Part D prescription drug benefit programs offer significant savings to enrollees. A greater savings is achieved under the private AARP drug insurance plan, largely due to greater discounts reflected in the negotiated drug prices. A substantial portion of enrollees enter but do not emerge from the coverage gap.

Original languageEnglish (US)
Pages (from-to)1038-1043
Number of pages6
JournalJournal of the American Geriatrics Society
Volume55
Issue number7
DOIs
StatePublished - Jul 1 2007

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Keywords

  • Atrial fibrillation
  • Drug
  • Insurance
  • Medicare Part D
  • Pharmaceutical services
  • Prescription

ASJC Scopus subject areas

  • Geriatrics and Gerontology

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