Sample Essay on:
Insurance Planning: Medicare Part D

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Essay / Research Paper Abstract

A 10 page paper answering 5 questions about Medicare Part D from an economics perspective. Questions address price schedules and examples; supply and demand issues; welfare loss to the individual; likely effects of lower premiums; and speculation of how government requirement that employers supply a similar program to employees. Bibliography lists 8 sources.

Page Count:

10 pages (~225 words per page)

File: CC6_KSmediPartD.rtf

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Unformatted sample text from the term paper:

Excel. See http://www.tushar-mehta.com/excel/charts/supply_and_demand. 1.) Draw the price schedule for the Medicare Prescription Drug legislation. Assume a typical drug costs $100.00 for a 30-day prescription without coverage. (Use graphs, charts, etc.). Discuss this issue. The prescription drug plan that has become Medicare Part D does not supply straight blanket protection or coverage, neither does it take the form of automatic discounts at pharmacies followed by billing the federal government. Rather, those already qualifying for Medicare must establish a Medicare Part D plan with a private insurer. Humana is one of those insurers and will be used as the example here. Thus there is no scenario under which an elderly citizen can receive the benefits of Medicare Part D without being associated with a private insurer. The federal governments involvement takes the form of assisting with the annual premium required of all taking advantage of Medicare Part D and with the cost of prescription drugs purchased under the plan. The role of the private insurer is to administer the benefit and deal with both the insured and the pharmacies the insured uses. There are several plans available from which individuals can choose, but most of the differences between them rest on the types of drugs covered under each specific plan. The mechanics of each plan are uniform across the system. Table 1 provides an overview of how the system will work regardless of plan chosen or individual circumstance. The only difference that individuals can expect to see is if they are truly indigent to the point of also qualifying for Medicaid. Medicaid recipients prescription drug plan will vary from that presented in Table ...

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