New drug cost picture for seniors in Medicare Part D
Move over copayments. “Coinsurance” is the new kid in town for many senior citizens.
A majority of drugs covered by stand-alone Medicare Part D prescription plans — which have nearly 25 million enrollees — now require patients to spend money out of pocket for coinsurance payments, according an analysis released Thursday.
And plans are increasingly likely to apply coinsurance requirements to even lower-priced drugs, the report by the Avalere Health consultancy found.
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