TITLE

Medicare Rx benefit shaving future retiree health care costs

AUTHOR(S)
Geisel, Jerry
PUB. DATE
March 2004
SOURCE
Business Insurance;3/15/2004, Vol. 38 Issue 11, p4
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
More big employers are reporting that the new Medicare prescription drug benefit law will slash their future retiree health care obligations by hundreds of millions of dollars. The savings employers expect to rack up are due to the addition of a prescription drug benefit for Medicare participants, starting in 2006. Employers with especially rich prescription drug plans also will be able to cut costs. That is because the United States federal government will subsidize a portion of employers' prescription drug claims if they offer and retain plans that are at least as generous as the benefit Medicare will provide.
ACCESSION #
12620432

 

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