Take-up of Medicare Part D: Results From the Health and Retirement Study

TitleTake-up of Medicare Part D: Results From the Health and Retirement Study
Publication TypeJournal Article
Year of Publication2010
AuthorsLevy, HG, Weir, DR
JournalJournals of Gerontology Series B-Psychological Sciences and Social Sciences
Volume65
Issue4
Pagination492-501
KeywordsDemographics, Healthcare, Medicare/Medicaid/Health Insurance, Methodology
Abstract

OBJECTIVES: To estimate the impact of Medicare Part D on prescription drug coverage among elderly Medicare beneficiaries and to analyze the predictors of program enrollment ( take-up ) among those with no prior drug coverage. METHODS: Multivariate analyses of data from the 2002, 2004, and 2006 waves of the Health and Retirement Study. RESULTS: Take-up of Part D among those without drug coverage in 2004 was high; about 50 -60 of this group had Part D coverage in 2006. Only 7 of senior citizens lacked drug coverage in 2006 compared with 24 in 2004. Demand for prescription drugs was the most important determinant of the decision to enroll in Part D among those with no prior coverage. Many of those who remained without coverage in 2006 reported that they do not use prescribed medicines, and the majority had relatively low out-of-pocket spending. CONCLUSION: For the most part, Medicare beneficiaries seem to have been able to make economically rational decisions about Part D enrollment despite the complexity of the program.

Notes

Times Cited: 6

DOI10.1093/geronb/gbq107
Endnote Keywords

medicare/older people/prescription drugs/Multivariate Analysis/Medicare Part D

Endnote ID

23390

Citation Key7495