What Difference Does Drug Insurance Make?

Results indicate that obtaining prescription drug insurance through Medicare Part D was associated with an 8% decrease in the number of hospital admissions, a 7% decrease in Medicare expenditures, and a 12% decrease in total resource use. Gaining prescription drug insurance through Medicare Part D was not significantly associated with mortality.

Robert Kaester, Cuiping Long, G. Caleb Alexander, National Bureau of Economic Research.

Comments (15)

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  1. Connor says:

    Hopefully all the difference

  2. Trent says:

    “Results indicate that obtaining prescription drug insurance through Medicare Part D was associated with an 8% decrease in the number of hospital admissions, a 7% decrease in Medicare expenditures, and a 12% decrease in total resource use.”

    Oh wow

  3. Lucas says:

    At least people aren’t dying!

  4. Lacey says:

    “we estimate that reduced hospital expenditures associated with increased prescription drug coverage
    produced aggregate savings of approximately $1.5 billion per year, or approximately 2.2% of the total
    cost of Medicare Part D in 2011.”

    Well that’s pretty significant.