Found this weekend on ResourceShelf Docuticker:
Source: Center for Economic and Policy Research
The Excess Cost of the Medicare Drug Benefit (PDF; 56 KB)
“The waste and inefficiency built into the structure of the 2003 Medicare Modernization Act (MMA) will add more than $800 billion to the cost of prescription drugs to the government and beneficiaries over its first decade, compared to a drug bill designed to maximize efficiency. The most simple and efficient way to cover the cost of prescription drugs would have been to establish a simple add-on to the basic Medicare program, comparable to the prescription drug benefit provided by most private health insurers.”
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