Many elderly waive Part D -
#1 Aug 3, 2007
Comments about those that have Medicare Advantage plans or other health care coverage that includes prescription coverage are exempted from the necessity of joining Part D nor do they face a penalty for failure to have joined.
#2 Aug 4, 2007
FREE PRESS - The Medicare drug bill, designed to give seniors prescription-drug coverage, has another effect that's not so widely discussed: It should save Detroit's automakers and largest suppliers billions of dollars and enhance their profits.
Under the new law, the U.S. government is effectively subsidizing companies for providing a certain level of drug benefits for retirees.
In just the first three months of 2004, GM's savings from the bill was $67 million; Ford's was about $62.5 million.
At GM, the bill is estimated to reduce that long-term health care tab by $4 billion. The long-term savings at Ford:$1.8 billion. Chrysler Group will also see savings in the tens of millions of dollars, but the company has not released estimates.
Critics of the law call it a corporate handout and are troubled by legislation sending billions of dollars to large U.S. corporations. Defenders of the subsidy say there needed to be a provision to reward employers for providing good prescription-drug benefits. Other corporations in town will also benefit. The country's two largest auto suppliers, Delphi Corp. and Visteon Corp., posted first-quarter gains from the Medicare bill of $16 million and $5 million, respectively.
They say those gains should be duplicated quarter after quarter this year, working out to $64 million for Delphi and about $20 million at Visteon.
#8 Aug 5, 2007
#9 Sep 22, 2007
PART D MEDICARE IS SO CONFUSING, IT COULD DRIVE ANYONE NUTS. EVEN MY DOCTOR DROPPED. FORTUNATELY MY INSURANCE PLAN WILL COVER PRESCRIPTION DRUGS. THANK GOD. YOU MIGHT WANT TO CHECK INTO AARP. THAT IS WHAT MY DOCTOR BOUGHT.
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