America's Seniors at TodaysSeniorsNetwork.com
 
 

Home
Up
Alliance Raps Force
AARP Sellout
Alliance Outraged
Avoid Bait & Switch
Avoid Web Site
Beholden Medicare
Buyers Beware
Bush Plan Rapped
Bush Misuses Program
Canadian Drugs Safe
Call for Vote
Canadian Option
Canadian View
Card Confusion
Congressman Gutknecht Leads
Costs to Increase
Cutting Back
Draft of Law
Drug Costs to Soar
Drug Card Concerns
Drug Card Do-Over
Drug Companies Rally
Drug Firms Buy Influence
Drugs from Canada
Editorial Fallout
Elders Be Aware
Elderly Don't Benefit
Elderly Drug $ Increase
Enrollment Truth
Expensive Sale
Extension Urged
FDA, Customs Pharma Tools
FDA Stories Mislead
First Part D Fraud
grandma_drug_smuggler.htm
GOP and Drug Industry
Group Raps Bush
Immoral Bill?
Lack of Support
No Plan D Savings
Legalize Canada Drugs
Lost Research $
Many Skip Signup
Millions at Risk
Minnesota Seeks Delay
Move Part D
Negative Impact
No Rx for Seniors
Part D Backfires
Part D Cards Fail
Part D Delay Call
Part D Farce
Part D Hurts WI Srs.
Part D on Hold?
Part D Prices Higher
Part D Site Rapped
Part D Rapped
Part D SNAFU
Pharma DC Influence
Partial Extension
Plans Announced
Plans Drop Coverage
Prescription Freedom
Prescription Prices to Increase
Prescription Drug Prices Soar
Price Jump Criticized
Profits over People
Public Raps Pharma
Record Drug Price Increase
Reject Monopolies
Seniors Balk
Seniors Confused
Secrecy Decried
Seniors Fear Debacle
Seniors Still Unsure
Seniors Unsure Part D
Slow Enrollment
States Reimbursed?
States Resist Payments
Task Force Report
Vital Drugs Cut

Copyright (c) 2003
America's Seniors/
TodaysSeniorsNetwork.com

Contact us at
America's Seniors/ TodaysSeniorsNetwork.com

Doctors will pull out their prescription pads 3 billion times next year and send every man, woman and child in the country to the drugstore 11 times.

In 2001, according the National Institute for Health Care Management, Americans spent $1.54 billion on prescription medications, 11 percent more than in 2000. That works out to $430 worth of prescriptions for every American.

This year, the federal Centers for Medicare and Medicaid Services expect total prescription drug spending to hit $182.1 billion, and then grow to $204.7 billion in 2004.

The Congressional Budget Office estimates that between 2003 and 2014, Americans -- and mainly their health care plans and Medicare/Medicaid -- will spend $4.7 trillion on prescription medications.

Prescription drugs account for 14 cents of every health care dollar, and about 28 percent of the yearly increase in health care costs, said Bill Hensley, communications director for the Washington, D.C.-based BlueCross BlueShield Association.

Rising drug costs undermine the affordability of health care plans and inflate employer costs, said Hensley.

HMOs and health insurers pay 47 percent of all prescription medication costs, according to a study by lobbying group Public Citizen.

Dr. William Cromie, president and CEO of Capital District Physicians' Health Plan in Albany, N.Y., emphasizes that health plans simply are brokers for the employers who really pay the medical bills of plan members. Higher costs get passed on.

Health plans shelled out $66.6 billion in prescription payments in 2001. For 2003, the federal government projects health plan payments of $88.5 billion for prescription medications, while in 2004, those payments will top $100 billion.

The right drugs at the right time can keep people healthy and hold down health care costs, Hensley said. Out-of-control price spirals undercut that advantage.

 

 

 

 

 

 

 

 

 

 

 

Home
Up
About Us
America's Seniors WebMall
Aging News
California Report
Caregiving
Community/Workplace
Fitness,Health
Election 2008
Grandparents
Health Care Policy
Hispanic Seniors
Medicare News
Contents/Sitemap
Prescription Drugs
Pharma Suits
Restaurant Reviews
Rural Seniors
Safety & Security
Growing New Parts
Seniors Commentary
Seniors' Entertainment
Seniors Headlines
Seniors Finances
Seniors' Issues
Seniors Relationships
Seniors Rights
Social Security News
The Virtual Family
Travel News
TSN Radio on Web
Veterans' Tribute
White House Cards
Privacy Policy
Sitemap Contents
Consumer Alert
Pull Plug Heat Costs