• September 24, 2022

The Remarkable Janet Yellen

The economics profession continues to struggle with gender inequality, with data showing “the gender gap in economics is the largest of any academic discipline.” So what can we learn from a …

This Is How Technology Can Be Used For Good

In which way will technology be used for good? originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world. …

How To Buy Corporate Bonds At 5% Discounts And 10%+ Yields

Today we’re in a situation that looks a lot like 2016. And back then, some savvy contrarians tapped it to grab quick 62%+ returns. The same setup is back again—and so …

Under a new Medicare rule, you could see some prescription drug savings.

According to The Senior Citizens League, “seniors enrolled in Medicare Advantage plans and Medicare Part D prescription drug plans can expect improved transparency and lower out-of-pocket costs for medications by requiring Medicare prescription drug plans to pass certain savings on to customers.”

How does this new rule work? “More Medicare Part D drug plans are entering `price concession’ arrangements in which they pay reduced costs to some pharmacies for certain dispensed drugs. But these arrangements are not publicly disclosed, and the drug plans do not pass the savings along to Medicare patients who purchase the drugs.”

Advertisement

The new rule requires Part D plans to give “all price reductions they receive from network pharmacies to the person buying the drug, which should reduce the out-of-pocket cost charged to the customer. The policy will take effect on Jan. 1, 2024.”

The delay in the starting date of the new rule, according to TSC
SC
L, “is to give the Part D plans time to adjust their pharmacy contracting and avoid any possible disruptions.”

Advertisement

Leave a Reply

Your email address will not be published.