Major variation in Medicare Rx drug costs

Armen Hareyan's picture
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Medicare Prescription Drug Costs

Soon, Congress may vote on whether to require the Medicare system to negotiate lower prices for medicines taken by millions of seniors enrolled in Medicare Part D prescription drug plans.

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That change and others might save some seniors a lot of money on prescription drugs, suggests a new study from the University of Michigan Medical School. It finds tremendous variation in what Medicare enrollees in different states pay for the same medications, even with the lowest-cost Part D plans.

In fact, two people taking the same drugs but living in different states could face costs that differed by thousands of dollars

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