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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (615780)6/11/2011 1:36:49 PM
From: bentway  Read Replies (2) of 1579897
 
"But then, why is national drug spending 35 percent (pdf) below expectations?"

Something not mentioned in the article - Walmart cut generic drug prices to $4 a month for hundred of generic prescriptions, and all other national pharmacy chains HAD to follow suit. Any senior that can do basic math knows that that's EVEN CHEAPER than Part D. Any brand name prescription (but for a very few like insulin) can be swapped for one of these generics, with no ill effects.

I'd say this had an even greater effect than the reasons cited in the article, and explains the low participation in part D. As seniors communicate this - I'd expect participation to become even lower.
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