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Medicare drug plan finder can steer seniors to higher costs
As open enrollment goes into the home stretch Thanksgiving week, critics say the new plan finder tool can create confusion by obscuring out-of-pocket costs that seniors should factor into their decisions…
“If they pick the plan based solely on the premium they are likely getting a plan that could cost them thousands more in a calendar year,” said Christina Reeg of the Ohio Department of Insurance. She heads a program that helps Medicare enrollees try to find the right plan.
Medicare Advantage 2020 Spotlight: First Look
Total Number of Plans. In total, 3,148 Medicare Advantage plans will be available nationwide for individual enrollment in 2020 – a 15 percent increase (414 more plans) from 2019 and the largest number of plans ever available
If your Medicare coverage changes include Medigap, beware of snags
If you’re going to make Medicare coverage changes that include dropping or buying a supplemental plan — aka, Medigap — make sure you know the rules that come along with it.
Several of the Biggest Pharma Giants Are Freezing Drug Prices. Here’s How It Will Affect You
Connecture’s SVP of Federal Programs Jim Yocum spoke with Money Magazine to discuss some of the potential implications from the White House’s recent efforts to curb drug costs. Connecture data was used in the analysis.
Providers View Telehealth Move from Medicare as ‘Sea Change’ for the Field
Telehealth services are becoming the “go-to” choice for many Americans, including Medicare beneficiaries. In this article, which summarizes an interview our own Jim Yocum did with Bloomberg Law, the journalist explains why CMS supports telehealth benefits as part of their Medicare strategy.
Is the Administration Reining In Drug Prices? We’re Keeping Track
In a recent Bloomberg article, the writers show how prescription drug prices are moving up at a rate at least four times CPI inflation. Connecture data used to help construct Bloomberg’s new Drug Price Index.
Inexpensive TB Vaccine Shows Promise Against Juvenile Diabetes
A recent article from CNN highlights the obstacles many people with Type 1 diabetes face when it comes to rising drug costs (particularly insulin, in this case). Connecture’s prescription drug data was used and cited in the article.
Price Check on Drug Ads: Would Revealing Costs Help Patients Control Spending?
One new idea on mitigating higher drug prices is to require the posting of costs in Rx advertising. This Kaiser Health News article provides illustrative examples of how this might look for the 10 drugs with the highest annual ad spend. Connecture data used.
How High Drug Prices and Big Lobbying Budgets Go Together for Big Pharma
Another pharmaceutical giant’s rising insulin prices, means bad news for consumers. In this article from Fortune and Kasier Health News, the journalists shed light on how lobbying impacts the prescription drug world from a cost perspective. Connecture data...
An Unlikely Treatment for a Rare Disease
Journalist Sarah Jane Tribble wrote a fascinating piece for the Washington Post that uses Connecture drug data and spotlights the Orphan Drug Korlym. This drug has a controversial origin as “the abortion pill,” but is also used to treat Cushing’s syndrome…and its price has shot up.