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Perspective
Volume 349:923-925 September 4, 2003 Number 10
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Prescription-Drug Coverage for Medicare Beneficiaries
John K. Iglehart

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The Congressional Budget Office has estimated that all spending for prescription drugs by and on behalf of Medicare's eligible population will total $1.8 trillion during the period from 2004 through 2013. The House and Senate have approved bills that would authorize expenditures of about $400 billion during that period, or less than 25 percent of this total amount, to finance an expanded drug benefit for the 40 million disabled and elderly beneficiaries who are eligible for Medicare. Even working with this vast sum, which would represent an increase of 12 percent in total Medicare expenditures over a decade, legislators have . . . [Full Text of this Article]



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