Posted on November 15, 2010 09:47
Categories: Special Populations | Medicare
Topics: Health Care Reform | Medicare | Prescription Drugs
This brief explores the low-income subsidy (LIS) program and suggests that, while the program has made prescription drugs more affordable, the application and renewal process and market instability have hampered participation and made it difficult to switch between plans. The authors note that aspects of the national health care reform law are designed to address these issues and suggest that the LIS program could ultimately serve as a model for future subsidized coverage programs.
From the report:
Now in its fifth year, Medicare Part D, which provides government subsidized prescription drug coverage for Medicare beneficiaries through private stand-alone prescription drug plans (PDPs) and Medicare Advantage prescription drug plans (MA-PDs), has been a valuable addition to Medicare for millions of beneficiaries. The Part D program also provides additional premium and cost-sharing assistance to beneficiaries with low incomes and limited resources who qualify for the program’s Low-Income Subsidy (LIS).
Full Report: The Medicare Part D Low-Income Subsidy Program: Experience to Date and Policy Issues for Consideration (PDF | 1.02 MB)
Kaiser Family Foundation. (2010). The Medicare Part D low-income subsidy program: experience to date and policy issues for consideration. Summer, L., Hoadley, J., and Hargave, E.
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