by PharmacyChecker.com | Oct 11, 2010 | Drug Prices, Healthcare Reform, Medicare Drug Plans
With open enrollment for Medicare Part D just around the corner, 50% discounts on brand name prescriptions while in the coverage gap seems to be a great new benefit this coming year… or is it? Some patient advocate groups, and we at PharmacyChecker.com, are asking, 50% off what price? Will PhRMA offer the discount on a higher-than-normal base price to cover their losses?
As the market, not the government, controls drug prices, it is a possibility that manufacturers will up the prices on drugs, especially specialty medications that lack brand-name alternative or generic competition, in order to make up for the lost profit. A brand name drug that costs $100 per month now – $50 in 2011 for Medicare Part D enrollees – may likely cost $120 next year – or $60 for Medicare enrollees – so that the manufacturers are able to spare revenue loss little by little. (more…)
Tagged with: affordable prescriptions, Drug Prices, health, Healthcare Reform, Medicare, Medicare Drug Plans, Part D, phrma, save money, seniors, United States
by PharmacyChecker.com | Sep 27, 2010 | Medicare Drug Plans
As we previously reported, nearly 3 million seniors will be forced to change their Medicare drug plan this year due to the new health reform law. Now, in addition to the millions who have to, many may voluntarily change plans if their premiums go up, which is likely. A new report from Avalere Health, a private research firm, shows that among the top Medicare plans, premiums are expected raise an average of 10%.
In general, Medicare officials say the average premium should only raise 1%, but on the high end it could be up to 43%! Enrollees of the First Health Part D Premier Plus plan offered by Coventry Health Care will see monthly payments rise from $64 to $91 – that’s over $300 for the year. Another startling change will be for members of the AARP MedicareRX Saver plan, the second most popular among seniors. These enrollees will be switched to the largest plan, AARP MedicareRX Preferred, and will see, on average, a 15% raise in premiums. (more…)
Tagged with: AARP, Avalere Health, Healthcare Reform, MedicareRX Preferred, MedicareRX Saver plan, Part D, seniors
by PharmacyChecker.com | Aug 13, 2010 | Online Pharmacy Verification Services
Today we issued a press release about a new study of online pharmacies which showed that all prescription drugs ordered from sites approved by PharmacyChecker.com passed independent authenticity tests. The independent study was conducted by Roger Bate (American Enterprise Institute) and Kimberly Hess (Africa Fighting Malaria) and was published today by the Public Library of Science One.
Bate’s and Hess’ findings back up what we have been saying since our start in 2002: It is safe and affordable to order genuine medication from online pharmacies – from the U.S. and abroad – if they are verified members of the PharmacyChecker.com Verification Program.
Tagged with: Kimberly Hess, Online Pharmacies, pharmacychecker.com, PLoS, Roger Bate
