CMS Report Highlights Drug Card Savings For Chronic Conditions
This article was originally published in The Pink Sheet Daily
In an analysis of the best drug card prices for 23 drugs used to treat nine chronic conditions, CMS found that savings range from 10% to 75%, when compared to the national average retail monthly price. Treatment savings can also be attained with drug cards offering less-than-optimal discounts, the report says.
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Card program has 3.7 mil. enrollees as of June 30, CMS Administrator McClellan says. Beneficiaries are signing up at a rate of 25,000 per day.
Sen. Daschle says only about 500,000 out of 41 mil. eligible seniors have enrolled in discount cards marketed to the general Medicare population. Senate Democrats believe low response to card will provide impetus for legislation allowing drug importation and government negotiation of Medicare drug prices.
The analysis indicates that pressure to legalize drug importation will not be mitigated by the launch of the Medicare drug discount card. The total price for ten drugs commonly used by seniors would be $596 in Canada, compared to an average of $1,026 through three Medicare discount cards.