AP: Medicare program costs down
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The Medicare drug benefit has come in way under budget this year, which supporters boast is a testament to the benefits of competition.
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MILWAUKEE Sept. 14, 2004 - John Kerry, arguing that the escalating price of doctors, hospitals and medicine far outpace annual increases in Social Security benefits, promises to ease the financial pinch on seniors by bringing health costs down.
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A new study confirms that the drug benefit being added to Medicare will provide significant help to elderly people with low incomes or very high drug costs.
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With fewer employers providing retiree health insurance than in the past, you may have to shop for insurance to cover your health-care costs between retirement and qualifying for Medicare. Here are some tips from Cheryl Matheis, director of health strategy for AARP:
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Be aware of the Medicare drug plan's gaps.
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OTTAWA (CP) - Day one of a national summit intended to fix medicare for a generation degenerated into a numbers war, with premiers poking holes into what Prime Minister Paul Martin claimed was a federal cash offer of $58.
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The California Public Employees' Retirement System said on Tuesday it will invest $700 million to help drive down the price of health-care coverage.
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Most seniors will have to pay 5.6 percent more for basic Medicare coverage next year, officials announced yesterday. But premiums for more affluent beneficiaries will increase by as much as 83 percent, because the federal government for the first time will require wealthier people to pay more.
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Roughly 19 million people are expected to reap some savings from Medicare&#39;s new prescription drug benefit, according to an independent analysis released Monday.
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WASHINGTON -- The elderly got a little break on the cost of medicine in the second quarter of the year.
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Amid Social Security debate, this week's news on drug-benefit costs hint at a $27 trillion Medicare obligation.
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Nearly 2 million low-income Medicare participants could be switched to different insurance plans for their prescription drug coverage next year
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Medicare, the U.S. insurance program for elderly and disabled Americans, should lump the price of anemia drugs with overall payments for kidney dialysis services to improve efficiency and contain costs, according to a government report released on Tuesday.
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The figure, which provides the first glimpse of the true cost of the Medicare drug benefit, could touch off a political uproar.
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Governor Deval Patrick yesterday unveiled significantly lower prices for the health insurance plans that uninsured residents will be required to buy starting July 1.
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President Bush promised Congress that his Medicare prescription drug benefit would cost no more than $400 billion over 10 years, but once the legislation was enacted, federal actuaries boosted the estimate to $534 billion.
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The less medicine they take, the less likely the elderly were to enroll in a new Medicare drug plan, a signal that many senior citizens still don't view the program as insurance in case their health deteriorates.