WASHINGTON (AP) — New government numbers show that a financial safeguard for Medicare beneficiaries has become a way for pharmaceuticals to get billions of dollars for pricey medications at taxpayer expense. The cost of Medicare's "catastrophic" prescription coverage jumped by 85 percent in three years, from $27.7 billion in 2013 to $51.3 billion in 2015. That's according to the program's Office of the Actuary, which provided the figures to The Associated Press. Out of some 2,750 drugs covered by Medicare's Part D benefit, two pills for hepatitis C infection — Harvoni and Sovaldi— accounted for nearly $7.5 billion in catastrophic costs in 2015. Taxpayers cover 80 percent of catastrophic costs.Read more on NewsOK.com
Comment on AP Exclusive: Medicare safeguard overwhelmed by pricey drugs
NewsOK.com RSS - business, Daily Oklahoman: Business
Sun, 07/24/2016 - 4:52am
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more