Medicare Part D Plans Continue to Hike Drug Costs After Seniors Sign up for Coverage
Source: Consumers Union, October 1, 2007
From the press release:
Consumers Union's latest sampling of Medicare prescription drug plans again finds that most insurers hike the cost of their drugs during the year - in one extreme case by 28 percent. The data calls for major changes in the law to protect seniors against bait and switch-type practices as the open enrollment season approaches.
"It makes no sense to ask a senior to carefully shop around in October and sign up for a drug plan, when the plan just turns around a few months later and dramatically hikes the cost of the medicines," said Bill Vaughan, senior health policy analyst for Consumers Union, publisher of Consumer Reports.
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