TITLE

Demand for a Medicare Prescription Drug Benefit: Exploring Consumer Preferences under a Managed Competition Framework

AUTHOR(S)
Cline, Richard R.; Mott, David A.
PUB. DATE
June 2003
SOURCE
Inquiry (00469580);Summer2003, Vol. 40 Issue 2, p169
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Several proposals for adding a prescription drug benefit to the Medicare program rely on consumer choice and market forces to promote efficiency. However, little information exists regarding: 1) the extent of price sensitivity for such plans among Medicare beneficiaries, or 2) the extent to which drug-only insurance plans using various cost-control mechanisms might experience adverse selection. Using data from a survey of elderly Wisconsin residents regarding their likely choices from a menu of hypothetical drug plans, we show that respondents are likely to be price sensitive with respect to both premiums and out-of-pocket costs but that selection problems may arise in these markets. Outside intervention may be necessary to ensure the feasibility of a market-based approach to a Medicare drug benefit.
ACCESSION #
10893444

 

Related Articles

  • Prescription Drug Costs: The Medicaid Battlefield. Stoil, Michael J. // Behavioral Health Management;Jul/Aug2001, Vol. 21 Issue 4, p8 

    Focuses on the prescription drug benefit for Medicare and medication discount card proposed by President George W. Bush in the United States. Application of public policy on pharmaceutical; Evaluation of the prescription drug plan; Confrontation of rising costs for Medicaid payments for...

  • Medicare and Chemo.  // HealthFacts;Oct2000, Vol. 25 Issue 10, p6 

    Provides a brief information on the views of the United States government regarding the excessive Medicare payments for anti-cancer drugs.

  • Medicare drug benefit tops health reform agenda. Wechsler // Managed Healthcare;Nov99, Vol. 9 Issue 11, p17 

    Focuses on the efforts to establish a Medicare drug benefit as part of health reform in the United States. Proposal of legislation to provide drug benefits for seniors; Importance of prescription medicine to maintain good health; Cost issue.

  • Agreement Seen On Medicare Prescription Drug Benefit. Brostoff, Steven // National Underwriter / Life & Health Financial Services;6/9/2003, Vol. 107 Issue 23, p3 

    Reports on a bipartisan agreement to establish a Medicare prescription drug benefit plan in the U.S. Tentative agreement among key senators; Losses to be assumed by the government and the health plans providing drug coverage; Increase in private sector exposure.

  • Medicare Rx questions raise complicated issues. Fleming Jr., Harris // Drug Topics;12/6/99, Vol. 143 Issue 23, p105 

    Focuses on the debate on whether the United States government should offer a Medicare prescription drug benefit package. Importance of some form of drug benefit coverage as the American aging population continues to grow; Implications of the growth of pharmacy benefit managers and changes...

  • Medicare reform packages presented to Congress.  // Healthcare Purchasing News;Mar2001, Vol. 25 Issue 3, p6 

    Reports on a pair of Medicare reform packages which calls for a universal prescription drug coverage in the U.S.

  • Medicare prescription drugs: A benefit whose time has come. Benjamin, Georges C. // Physician Executive;Jul/Aug1999, Vol. 25 Issue 4, p89 

    Focuses on the feasibility of Medicare program and prescription drug coverage in the United States. Limitations of the Federal Medicare program; Legislative debate on insurance coverage of prescription drugs scheduled in the summer of 1999; Benefits of coverage for the elderly and disabled. ...

  • Lawmakers seek to pass Medicare drug coverage. Geisel, Jerry // Business Insurance;06/19/2000, Vol. 34 Issue 25, p2 

    Reports on the efforts of United States congressional leaders to draft and reach agreement on legislation that would expand Medicare to include coverage for prescription drugs. Representative Bill Thomas' comprehensive Medicare drug benefit package; Reduction of employers' retiree health care...

  • Senate Rejects Medicare Benefit Proposal.  // Chemical Market Reporter;8/5/2002, Vol. 262 Issue 4, p7 

    Reports on the United States Senate's rejection of the fourth Medicare drug benefit proposal.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics