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Thursday, Apr 28 2016

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Wyden Introduces Bill Aimed At Protecting Seniors From High Drug Costs

The legislation, proposed by Sen. Ron Wyden, D-Ore., would make sure Medicare recipients don't face out-of-pocket costs past a cap of about $7,500.

Sen. Ron Wyden (Ore.), the top Democrat on the Senate Finance Committee, on Wednesday introduced a bill aimed at protecting seniors from high drug costs, an issue that has attracted growing scrutiny. Wyden鈥檚 measure would cap drug cost-sharing for Medicare enrollees so that seniors would not have to pay out of pocket costs above a roughly $7,500 cap. In 2013, 2.9 million people in Medicare鈥檚 prescription drug program had to pay costs above that cap, Wyden鈥檚 office said. (Sullivan, 4/27)

鈥淓scalating drug prices are increasingly straining the budgets of families in Oregon and across the country, particularly seniors in Medicare who often have to take multiple costly medications to stay healthy,鈥 Wyden said in a statement. 鈥淚t defies common sense that protection from high out-of-pocket costs exists for almost all other types of health coverage, but not for traditional Medicare.鈥 Medicare鈥檚 program鈥檚 prescription drug benefit, or Part D, is offered by private insurance plans, whereas the hospital and medical components of the program are run by the federal government. (Owens, 4/27)

This is part of the Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.
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