I find that not to be the fact, competition for people to buy a from a
particular insurer for their drug coverage has LOWERED the price. I never
applied for SS benefits, nor do I use Medicare but for me to be able to BUY
the kind of medical coverage that I want, from any insurer I must buy part
'B.' Since I have part 'B' I must receive drug coverage from my insurer.
The coverage has result in a saving of nearly $2,400 a year in premiums,
drugs, co-pays and all with no deductibles. The government does NOT pay for
the drugs when one has an HMO, PPO, or private insurance. Those companies
receive a set amount of money from the government for each person over 65 in
their area, that signs with that company, whether you use any service or
not. Capitalism at work. These insurers negotiate with the drug
companies, just as they do with the doctors and hospitals for rates for
services for their members. If you don't have an HMO, PPO or private
carrier you should look into them, in Florida the coverage is FREE to their
members since there are so many elderly people.
mike hunt
"Scott in Florida" <askifyouwant@mindspring.net> wrote in message
news:vu50a2li095m12efubm7gc5anfeaf6r9p3@4ax.com...[color=blue]
> On Mon, 26 Jun 2006 16:50:59 GMT, "Jonathan"
> <Fire_Capt651@hotmail.com> wrote:
>[color=green]
>>Mike,
>>
>>I agree to a certain extent with what you say, but there is one thing that
>>I
>>have to put in my two cents about. The Medicare Prescription Drug Benefit
>>is a sham and the government did it to themselves for no other reason than
>>stupidity and greed. By law, Medicare is prevented from negotiating with
>>the drug companies for bulk discount rates and must pay retail price for
>>the
>>medications. This is insanity. Ever since the Drug Benefit was enacted,
>>the pharmaceutical companies raised the prices on the top 20 medications
>>prescribed to seniors by as much as 3 times the previous amount, and by
>>law
>>Medicare must pay the price.
>>
>>Whatever drug company lobbiest got that provision put into the bill when
>>it
>>was being passed certainly earned his bonus that day. The Drug Benefit
>>had
>>the potential for producing possibly billions of dollars in savings but
>>not
>>for the stupidity and greed of our elected officials in DC. Now it's
>>going
>>to cost us more than it will ever save.
>>
>>Cheers - Jonathan[/color]
>
> If what you say is true....
>
> What have you done about it?
>
>[/color]
