Mar 9, 2009

Do Medicare patients have too much choice?

A recent study by Kaiser Family Foundation found that Medicare patients enrolled in the Rx drug benefit have lots of plans to pick from, but in hindsight seem not to pick the one that would have minimized their annual drug bill. Much is made of how horrible this is, and how Medicare patients have "too much choice." My view is this: "Medicare patients, GET YOUR ACT TOGETHER, or face the consequences of paying too much." There are plenty of aids on the web, and if you can't do it, then be nice to your kids or nieces & nephews, or friends, and they'll help. Start with Medicare.gov.

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