Well, one of the big stories on Yahoo today was about how the drug companies helped finance Medicare Part D RX Programs for senior and others on Medicare. Here's a link to the story: Drug Companies Help Finance Medicare Prescription Plan Advertisements.
BIG SHOCK! NOT!
See, drug companies actually stand to benefit. The small premium that seniors are asked to pay is obviously a fraction of the real premium. The federal government is picking up the rest. Where are they getting the money to pay for this prescription program? Beats me!
Anyway, the plan is great if it really helps seniors to access medicine they need. Nobody's arguing that. And of course, the drug companies would love insurance companies to pay for those drugs, and the insurance companies would love the federal government to pick up the premium price tag.
Many senior were actually better off with prescription assistance programs that came straight from the drug companies - but all of those ended with the entry of Medicare Part D (Drug Plan). Anyway - it's all a great idea - I just hope somebody figures out how to pay for it.
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