Market watch: Riding the rollercoaster: The ups and downs in out-of-pocket spending under the standard Medicare drug benefit

Bruce Stuart, Becky A. Briesacher, Dennis G. Shea, Barbara Cooper, Fatima S. Baysac, M. Rhona Limcangco

Research output: Contribution to journalArticle

37 Scopus citations

Abstract

This study projects how much Medicare beneficiaries who sign up for the standard Part D drug benefit in 2006 will pay in quarterly out-of-pocket payments through 2008. In the first year we estimate that about 38 percent of enrollees will hit the benefit's no-coverage zone, known as the "doughnut hole," and that 14 percent will exceed the catastrophic threshold. Because drug spending is highly persistent over time, beneficiaries who experience the biggest gaps in coverage are likely to do so year after year, with potentially serious financial consequences.

Original languageEnglish (US)
Pages (from-to)1022-1031
Number of pages10
JournalHealth Affairs
Volume24
Issue number4
DOIs
StatePublished - Jul 1 2005

All Science Journal Classification (ASJC) codes

  • Health Policy

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