Monthly Archives: October 2015

Medicare Part D: a success – Queens Chronicle: Central/Mid Queens News

The LatestCouncil passes anti-K2 bills With video: Armed men rob Maspeth deliHomeEditionsCentral/Mid Queens NewsSENIOR LIVING GUIDE: Fall 2015Medicare Part D: a successStoryCommentsImage (2)PrintCreate a hardcopy of this pageFont Size:Default font sizeLarger font size1Previous Next Larry HausnerPosted: Thursday, October 1, 2015 10:30 am | Updated: 11:30 am, Fri Oct 2, Larry Hausner | 0 commentsTaxpayers are being raked over the coals by high prescription drug prices — or so says Sen. Ron Wyden (D-Ore.). Claiming that the Medicare prescription drug insurance program, known as Medicare Part D, is “unsustainable,” he called for federal intervention to curb “skyrocketing drug costs.”The senator is potentially overstating the case. A new report from the agency that oversees Medicare shows that Part D premiums have not substantially changed in the last five years. Lawmakers should seek to protect the program — not undermine it. In this there is no dispute with Sen. Wyden.Established in 2006, Part D provides insurance to 37 million seniors, enabling them to afford the life-saving drugs that keep chronic diseases at bay, thus reducing the number of costly hospitalizations and surgeries. The program has cost $350 billion less than initially projected and about 90 percent of beneficiaries rate it positively.That satisfaction is largely due to stable premiums. Next year’s average monthly Part D premium will be just $32.50 — virtually the same as this year’s rate.Seniors aren’t the only ones benefiting from affordable premiums — taxpayers save money too. Again, by increasing access to medicines, Part D keeps people healthier and out of the hospital.

Source: Medicare Part D: a success – Queens Chronicle: Central/Mid Queens News