Tag: drug prices
The brief’s key findings are: Medicare Part D, introduced in 2006, has clearly helped seniors by expanding drug coverage, but a key question is how it has affected the cost of drugs. By boosting demand and shifting market power from manufacturers to insurers, Part D could affect the behavior of both brand-name and generic drug…
Abstract Medicare Part D was established to expand outpatient prescription drug coverage to all seniors. An obvious effect of Part D was to improve the well-being of those who gained coverage by reducing their exposure to drug costs. But, the law also boosted demand for drugs used by those ages 65 and over, and extended…
