Seniors are panicky, confused and angry at the way Medicare part d is being handled. There are gapping holes in the plan when it is examined closely and most people will not be able to take advantage of the ideal savings because that ideal savings is based on a specific annual expense.
Here are some facts that may help answer the concerns and make the issue a little clearer.
The Government is enforcing Medicare Part D. Proof of this is evident if considering the penalties individuals will incur by not joining Medicare Part D by May15th. The accumulative 1% penalty (per month) can become expensive over time and looks counter productive. It seems more likely the Government agenda is geared towards herding the public into a central plan and closing the doors for international prescription imports.
Medicare Part D is great if individual retail expenses are exactly $2250 each year. The further away annual costs are from that perfect amount, the less effective the plan is.
Medicare Part D is deceptive because it is presented as a 75% savings when in reality the savings are at best 60% when the perfect amount of $2250 is spent.
Medications that are...