Money Management
Price controls for Medicare Part D death sentence for patients
SAN DIEGO, February 17, 2013 – There is a new battle brewing over the Medicare ‘Part D’ prescription drug program that has been in existence since 2006. To date, this program has come in consistently under-budget to the tune of a savings of $435 billion below initial budget. A Harvard study showed “Gains in comprehensive prescription drug coverage as a result of Medicare Part D were followed by a decline of more than 4 percent in the rate of hospitalizations for 8 conditions sensitive to medicat...
Why ObamaCare Will Fail (guest article by Howard Hyde)
Medicare, when proposed in 1965 was expected to cost $12 billion by 1990; it cost $90 billion in that year — seven and a half times more than expected (or more accurately, sold to the public). Medicaid was projected to cost $238 million per year. In its first year, the actual invoice came in at $1 billion — four times greater than advertised. The hospitalization program was supposed to cost $1 billion by 1987; instead the tab was $17 billion that year. The program has been expanded to the point ...
