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Medicare prescription drug coverage: consumer information and preferences.
Proc Natl Acad Sci U S A. 2006 May 16; 103(20):7929-34.PN

Abstract

We investigate prescription drug use, and information and enrollment intentions for the new Medicare Part D drug insurance program, using a sample of Medicare-eligible subjects surveyed before open enrollment began for this program. We find that, despite the complexity of competing plans offered by private insurers under Part D, a majority of the Medicare population had information on this program and a substantial majority planned to enroll. We find that virtually all elderly, even those with no current prescription drug use, can expect to benefit from enrollment in a Part D Standard plan at the low premiums available in the current market. However, there is a significant risk that many eligible seniors, particularly low-income elderly with poor health or cognitive impairment, will make poor enrollment and plan choices.

Authors+Show Affiliations

Department of Economics, University of Munich, D-80539 Munich, Germany.No affiliation info availableNo affiliation info availableNo affiliation info availableNo affiliation info availableNo affiliation info availableNo affiliation info available

Pub Type(s)

Journal Article
Research Support, Non-U.S. Gov't

Language

eng

PubMed ID

16682629

Citation

Winter, Joachim, et al. "Medicare Prescription Drug Coverage: Consumer Information and Preferences." Proceedings of the National Academy of Sciences of the United States of America, vol. 103, no. 20, 2006, pp. 7929-34.
Winter J, Balza R, Caro F, et al. Medicare prescription drug coverage: consumer information and preferences. Proc Natl Acad Sci USA. 2006;103(20):7929-34.
Winter, J., Balza, R., Caro, F., Heiss, F., Jun, B. H., Matzkin, R., & McFadden, D. (2006). Medicare prescription drug coverage: consumer information and preferences. Proceedings of the National Academy of Sciences of the United States of America, 103(20), 7929-34.
Winter J, et al. Medicare Prescription Drug Coverage: Consumer Information and Preferences. Proc Natl Acad Sci USA. 2006 May 16;103(20):7929-34. PubMed PMID: 16682629.
* Article titles in AMA citation format should be in sentence-case
TY - JOUR T1 - Medicare prescription drug coverage: consumer information and preferences. AU - Winter,Joachim, AU - Balza,Rowilma, AU - Caro,Frank, AU - Heiss,Florian, AU - Jun,Byung-hill, AU - Matzkin,Rosa, AU - McFadden,Daniel, Y1 - 2006/05/08/ PY - 2006/5/10/pubmed PY - 2006/7/29/medline PY - 2006/5/10/entrez SP - 7929 EP - 34 JF - Proceedings of the National Academy of Sciences of the United States of America JO - Proc. Natl. Acad. Sci. U.S.A. VL - 103 IS - 20 N2 - We investigate prescription drug use, and information and enrollment intentions for the new Medicare Part D drug insurance program, using a sample of Medicare-eligible subjects surveyed before open enrollment began for this program. We find that, despite the complexity of competing plans offered by private insurers under Part D, a majority of the Medicare population had information on this program and a substantial majority planned to enroll. We find that virtually all elderly, even those with no current prescription drug use, can expect to benefit from enrollment in a Part D Standard plan at the low premiums available in the current market. However, there is a significant risk that many eligible seniors, particularly low-income elderly with poor health or cognitive impairment, will make poor enrollment and plan choices. SN - 0027-8424 UR - https://www.unboundmedicine.com/medline/citation/16682629/Medicare_prescription_drug_coverage:_consumer_information_and_preferences_ L2 - http://www.pnas.org/cgi/pmidlookup?view=long&pmid=16682629 DB - PRIME DP - Unbound Medicine ER -