Or let them choose their own drug coverage through a Medicare Part D plan?
But expanding Medicaid-style price controls into Part D will not deliver the savings promised.
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Nearly 11 million people covered by Part D did not previously have prescription drug coverage.
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Medicare Part D leverages the power of market competition to deliver prescription drug coverage to seniors.
FORBES: Why Are The Democrats Attacking The Only Successful Part Of Medicare
Part D is the most cost-effective and successful entitlement program the federal government runs.
First, during this time period, you may enroll in a plan that includes Medicare Part D.
The majority of Part D beneficiaries are in the former category, the Prescription Drug Plan.
In fact, Part D costs are 40 percent below where the Congressional Budget Office (CBO) initially predicted.
FORBES: Why Are The Democrats Attacking The Only Successful Part Of Medicare
With the result, as of June 2010, over 29.3 million people were enrolled in Medicare Part D.
One productive Medicare program that must be kept intact is Part D, the prescription drug benefit program.
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Meanwhile, the evidence suggests the Part D as currently structured is actually lowering drug costs across the market.
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Holtz-Eakin estimates that the rebate scheme will force Part D premiums up by as much as 40 percent.
FORBES: Why Are The Democrats Attacking The Only Successful Part Of Medicare
Medicare Part D was created to help improve access to health care for the country's most vulnerable citizens.
Part D is an optional insurance program that charges a monthly fee in exchange for prescription drug coverage.
Studies show that, for example, Part D has lowered the retail price of generic medications by 19 percent.
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One proposal that refuses to die would impose price controls on prescription drugs in the Medicare Part D program.
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Bush also rammed through such large scale legislative tinkering as Sarbanes-Oxley, Medicare Part D and No Child Left Behind.
Today, the more than 27 million seniors enrolled in Part D can choose from about a thousand plans nationwide.
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In 2006, the program expanded again to offer prescription drug coverage (Part D).
But this reminds me a lot of the argument for Medicare Part D.
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In 2013 both Health Net and Community CCRx will no longer offer Part D plans of any type.
The Congressional Budget Office now estimates that Part D will cost 46% less than initially projected between 2004 and 2013.
Even better, data suggest that the money spent on Part D generates savings throughout the rest of the healthcare system.
In Jan 2006, Medicare Part D came into effect and expanded coverage to millions of people who were previously uninsured.
There are two ways to obtain the Part D prescription medication benefit, and they both include working through private plans.
If you currently have a Medicare Part D plan it is critical that you shop for the best plan now.
And for those relatively stable Part D premiums seniors get much greater access to newer, brand name drugs than Medicaid beneficiaries.
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If Congress decided to do something similar for Part D, there is every reason to expect spending will explode there also.
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The next major change will greatly assist those who fall within what is known as the Medicare Part D doughnut hole.
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For example, the Department of Veterans Affairs pays about 40 percent less for drugs than the private plans in Part D.
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