According to new information from U.S. News and World Report, the Affordable Care Act Medicare Part D is feasible, but extremely “wasteful.”
This information comes after months of problems with Obamacare, including the failures of the ACA website.
On Tuesday, the CMS reported that the new plan is saving senior citizens billions of dollars, but ProPublica, an investigative journalism organization says that these “savings” are not substantive, and are actually costing consumers billions of dollars.
The Centers for Medicare and Medicaid Services says that the result of Medicare Part D under Obamacare will allow seniors to utilize social security benefits as they wish, instead of on expensive prescriptions. The idea of one of the major changes made to the healthcare law is to cut down, and eventually terminate, the “donut hole” that seniors are now falling into.
The “donut hole,” according Laurie Tarkan, the executive director of WellBeeFile.com is a result of Medicare recipients’ obligation to pay full price for their medications and prescriptions on their own for a period of time. When a certain point known as “catastrophic drug coverage,” has been met, the government will then resume assistance.
The waste that has been taking place through Medicare Part D, according to experts, are the result of certain provisions which allow beneficiaries a largely varied amount of aid based on different parts of the country.
For example, the benefits allotted to low income beneficiaries grants these beneficiaries the right to pay only $7 per prescription, no matter the actual market price of the drug.
Many inconsistencies have also been found in the amount of assistance that is given to patients who have been released from a hospital, reside in a nursing home, or require in-home care.
According to the Washington Post, the gaps in coverage allotted by state or area are astronomical. According to their report, a patient requiring home care in New Jersey receives an estimated $3,800, while their Louisiana counterpart receives $8,800.
In Chicago, 1 out of every 4 Medicare patients receive further assistance after a hospital stay, more than three-times what Phoenix beneficiaries receive, to be exact.
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