TITLE

Take-up of Medicare Part D: Results From the Health and Retirement Study

AUTHOR(S)
Levy, Helen; Weir, David R.
PUB. DATE
July 2010
SOURCE
Journals of Gerontology Series B: Psychological Sciences & Socia;Jul2010, Vol. 65B Issue 4, p492
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Objectives.: To estimate the impact of Medicare Part D on prescription drug coverage among elderly Medicare beneficiaries and to analyze the predictors of program enrollment (“take-up”) among those with no prior drug coverage. Methods: Multivariate analyses of data from the 2002, 2004, and 2006 waves of the Health and Retirement Study. Results: Take-up of Part D among those without drug coverage in 2004 was high; about 50%–60% of this group had Part D coverage in 2006. Only 7% of senior citizens lacked drug coverage in 2006 compared with 24% in 2004. Demand for prescription drugs was the most important determinant of the decision to enroll in Part D among those with no prior coverage. Many of those who remained without coverage in 2006 reported that they do not use prescribed medicines, and the majority had relatively low out-of-pocket spending. Conclusion: For the most part, Medicare beneficiaries seem to have been able to make economically rational decisions about Part D enrollment despite the complexity of the program.
ACCESSION #
51493139

 

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