Prescription Drug Benefit Cost Understated by $324 Billion!

When the legislation was passed for Bush's prescription drug benefit in 2003, costs were said to be approximately $400 billion over the next decade. In great contradiction with this estimate, the centers for Medicaid and Medicare have admitted that costs will actually be around $724 billion.

Considering the Bush administration's history of saying one thing and doing another, this understatement of cost comes at no surprise. The supposedly helpful benefit will, in most cases, only provide savings for people on the lowest income level; while those on mid-level incomes who spend between $2250 and $5100 on medications will pay at least a $37/month premium and a $250 deductible, with no additional savings.

The plan was designed with a "hole" in its coverage, so that people spending between $2250 and $5100 on medications each year will receive no additional compensation or savings: They are still saving just $1500. After the $5100 line is crossed, Medicare compensates patients for 95% of their spending on drugs.

Besides the "hole" in prescription drug coverage, this plan offers far fewer benefits than those of many private employers. As a result, those employers could easily lower their standards.

I don't claim to know much at all about this administration's prescription drug benefit plan, but as a normal citizen just like yourself, I am not pleased with what I see.

Ian Mason of Shoppe.MD Online Pharmacy


AddThis Social Bookmark Button

In The News:


Ottawa Citizen

Detroit prepares to swallow some bitter medicine
Financial Times, UK - 12 hours ago
By Bernard Simon in Los Angeles Among the many conditions imposed on Chrysler by Washington in the bail-out of 1979, none is said to have angered the ...
The wrong medicine TheDay
America's Automakers in Competition with Other Governments Seeking Alpha
all 1,133 news articles

The Associated Press

Auto bailout: The best medicine?
Florida Times-Union, FL - 9 hours ago
By The Times-Union They already received $25 billion in low interest government loans intended to help them transition to a new generation of fuel efficient ...
Video: Sen. Reid Pushes for Auto Bailout, Unemployment AssociatedPress
Detroit bailout? No way! The Oregonian - OregonLive.com
all 862 news articles

MinuteClinic co-founder launches e-medicine startup
Bizjournals.com, NC - 13 hours ago
Nearly a decade after he came up with the idea that became MinuteClinic, Rick Krieger thinks he’s come across a new way to change health care. ...

Exploring: medicine the world of
Asbury Park Press, NJ - 5 hours ago
The club, which offers education and activities for teenagers considering a career in medicine, is a program of Learning for Life, a Boy Scouts of America ...

University of South Alabama College of Medicine Chooses MDaudit(TM)
MarketWatch - 20 hours ago
... WIRE) -- Hayes Management Consulting announced today that it will provide its MDaudit(TM) software to University of South Alabama College of Medicine. ...

Healthcare for Avatars? Medicine in the Metaverse
E-Commerce Times - 2 hours ago
By Laura Bruck Some industries have been more receptive than others to the idea of conducting business in virtual worlds such as Second Life. ...

eFluxMedia

Three Employees Fired After Patient Chokes on Medicine, Dies
FOXNews - Nov 20, 2008
GOLDSBORO, NC — North Carolina officials have fired three employees and disciplined others in the death of a patient who was neglected for more than 22 ...
Firings a good first step in neglect case CharlotteObserver.com
all 39 news articles

Entry Level Finding Ways to Help Children With Cancer
New York Times, United States - 22 hours ago
She comes to the job with a master’s degree in Oriental medicine from Touro College and a lifelong love of cooking. On doing acupuncture on small children: ...

National Academy of Sports Medicine Launches New Course ...
MarketWatch - Nov 21, 2008
CALABASAS, CA, Nov 21, 2008 (MARKET WIRE via COMTEX) -- The National Academy of Sports Medicine (NASM; www.nasm.org), a leader in fitness training ...

PR Web (press release)

BodyLogicMD Sponsors American Academy of Anti-Aging Medicine
MarketWatch - Nov 20, 2008
"It is a natural step for BodyLogicMD in terms of demonstrating our growth and support in the field of anti-aging medicine and bioidentical hormone therapy. ...
BodyLogicMD Opens Bioidentical Hormone Therapy Location in Chicago PR Web (press release)
all 12 news articles
medicine - Google News
Your Ad Here

Games at Buy.com

Holiday Home Store at Buy.com

Online Pharmacy Watch: DEA Does Spring Cleaning Of Illegal Internet Pharmacies

Since early 2004, it has become more apparent every day that the online pharmacy industry is being destroyed. Who is doing such damage to bring the industry... Read More

Technology Over Drugs for Stress Related Tension Disorders

As much as 95% of the population suffers from some form of reoccurring stress and tension related headaches.Although not normally debilitating these headaches affect work productivity and... Read More

Prescription Drugs from International Pharmacies Save Elderly Money

As pointed out by *Jack Shapiro, an internationally-known healthcare marketing consultant "For the first nine months of this year, the U.S. imported $40 billion in pharmaceuticals and... Read More

Lunesta FAQ: Things To Know Before You Buy Lunesta Online

When was the last time you enjoyed a good night's sleep? I'm talking about feeling tired, heavy, and relaxed - the times when you might say "wow!... Read More

The Highway to Health - Bumped Heads

I recently had a reader send me this comment:"As a full-time dad I have to deal with just about every minor illness my two children pickup, everything... Read More

Stem Cell Breakthrough: Can You Now Make Your Own?

Over the past few years, stem cells have been getting a lot of attention. What makes them so interesting is their ability to stimulate the production of... Read More

Rogue Online Pharmacies: The Internet War Of 2005

Online Pharmacy owners who haven't been working within moral and governmental regulations are in for the ride of their lives. In past months, many of these so... Read More

Meridia Lawyer: Meridia Diet Pill Side Effects

Following the recall of Fen-Phen and Redux in 1999 (two diet drugs that cause heart valve diseases) Meridia was released. Meridia is a diet drug similar to... Read More

Environmental Medicine

Our modern preservatives and other pollutants like yellow dye no. 5 have caused bodily responses which detract or impair the natural process of our system. It is... Read More

Clinton on South Beach Diet

Clinton's recent quadruple bypass surgery has been largely debated. Being on the South Beach Diet made everybody wonder how the former president's illness advanced so much as... Read More

Molluscum Contagiosum Virus (MCV) Treatment Information - But First, What Is Molluscum?

Molluscum contagiosum treatment is certainly possible with the correct treatment information.Many people are told that molluscum contagiosum must be left to run its course (even by dermatologists).... Read More

CRP And Your Heart

Monitoring your CRP level is vitally important because it is one of the best indicators of heart disease. C-Reactive Protein has proven to be one of the... Read More

Zyprexa - History of the Drug

Since the beginning of mankind, mental illness has played a role in our society. Victims of such illnesses have been outcast, stereotyped and often ridiculed. However, over... Read More

Over The Counter Pain Medication: How To Choose The Right Drugs

With the recent front-page news about the possible hazards of pain medications, you may be taking a look at your over-the-counter (or OTC) pain medications with a... Read More

Propulsid Litigation Lawyer Says: Unnecessary Drug Killed 80 People

Propulsid was a popular nighttime heartburn drug before it was pulled in the market in March of 2000. It was linked to dozens of fatal heart rhythm... Read More

Fifteen Ways to Fight Heel Pain

There are many different causes of heel pain, but the most common cause is plantar fasciitis (plan * tar fash* ee * I * tis). If you... Read More

Relafen: A New Drug with an Old Danger

Individuals who regularly take Relafen (nabumetone) or other anti-inflammatory medications, either for arthritis, joint pain, or other indications, should be aware of severe adverse health implications that... Read More

After Viagra, Its Now a Premature Orgasm Pill for Women

Pfizer's exciting drug history traces back to the most popular Viagra drug, which treats erectile dysfunction in men. Now, they are gearing up to hit the bull's... Read More

Why Our Healthcare System Isnt Healthy

Most people are well aware that an estimated 45 million Americans currently do not have healthcare, but is the crisis simply the lack of health insurance or... Read More

Medical Billing Software Takes the Stage

Medical Billing SoftwareThe practice is running smoothly, with patients coming in and out with smiles on their faces because of the great service your practice is providing.... Read More

10 Benefits of an Electronic Medical Record

Electronic Medical RecordAn Electronic Medical Record is a secured electronic file of patient history, medical transcription notes, billing information, and all other information necessary to have a... Read More

Cold-Eeze Side Effects Lawyer: Zinc Destroys Sense of Smell!

Cold-Eeze is a homeopathic solution to the common cold. It is a zinc-based solution that can be taken as a tablet or a nasal spray. Limited studies... Read More

Eliminate Agonizing Hand Pain Quickly and Easily!

According to Dr. Nathan Wei, "The hand and wrist are the mirrors of disease." While the cause of hand pain can be a localized problem, hand pain... Read More

Arizona Drug Rehab: Finding Help in Arizona

The state of Arizona has one of the worst drug problems in the United States. Historically and currently, the state is known as a transhipment location for... Read More

Curing Lou Gehrigs Disease

ALS is the disease that took the life of the famed baseball player. The disease benched Lou Gehrig from the game that he loved and later took... Read More

Drug Interactions: Five Common Dangerous Interactions You Should Know About

Prescription drugs can save your life. But interactions between prescription drugs and other drugs or with illnesses or conditions you have can lead to significant consequences. Drug... Read More