More drug providers enter Medicare market

Oct 02, 2006

Insurers were allowed to begin advertising their plans for Medicare prescription drug coverage Sunday, even as new providers were poised to enter the market.

The number of companies offering prescription drug plans will increase from nine to 17, The Wall Street Journal said, and the plans most likely will include increased coverage and lower deductibles.

Medicare told the Journal that average premiums will hold at about $24 per month, although about 80 percent of U.S. seniors will have the opportunity to change to a plan with a premium that is lower than what they now pay.

"As a result of robust competition and smart choices by seniors, plans are adding drugs, removing options that were not popular and providing more options with enhanced coverage," said Mark McClellan, administrator the Centers for Medicare and Medicaid Services.

No one, however, is required to change current drug plans.

The newspaper said it was unlikely the addition of new providers would do much to change the Medicare market, which is dominated by the nation's 10 largest insurance companies.

Copyright 2006 by United Press International

Explore further: Blending faith and science to combat obesity

add to favorites email to friend print save as pdf

Related Stories

Drug benefit expanded to 1 million more seniors

Jan 08, 2010

(AP) -- In case the prospect of nearly $4,000 in prescription assistance isn't enough to perk up low-income seniors, the government is using '60s singer Chubby Checker to publicize "the twist" in the Medicare ...

Medicare drug plan changes affect seniors

Oct 04, 2006

U.S. officials say changes in the Medicare prescription drug plan for next year will include more choices and better coverage especially in the "doughnut hole."

Obama's budget would boost science, health (Update)

Apr 10, 2013

The budget proposal that US President Barack Obama released Wednesday would boost funds for major science and health programs while making cuts at NASA and the Environmental Protection Agency.

Report: More than 100 million suffer lasting pain

Jun 29, 2011

(AP) -- At least 116 million U.S. adults experience long-lasting pain - the kind that lingers for weeks to months - and too often feel stigma rather than relief from a health care system poorly prepared to treat them, the ...

Recommended for you

Blending faith and science to combat obesity

12 minutes ago

Science and religion may seem like uneasy partners at times, but when it comes to promoting healthy lifestyles, one UConn Health researcher has shown they can be an effective combination.

Research project puts stroke patients back on their feet

19 minutes ago

Finding the will to exercise routinely can be challenging enough for most people, but a stroke presents even more obstacles. Yet aerobic exercise may be crucial for recovery and reducing the risk of another ...

Air quality and unconventional oil and gas sites

3 hours ago

Research suggesting air pollutants released by unconventional oil and gas production are well over recommended levels in the US is published today in the open access journal Environmental Health. High levels of benzene, hydrog ...

FDA cautions against 'undeclared' food allergens

15 hours ago

(HealthDay)—Some food labels may not reliably list all possible food allergens, according to the U.S. Food and Drug Administration. The agency added that these "undeclared allergens" are the leading cause ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.