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A Site Re-Design
[By David Belk MD]
Here’s the new website with a whole new look that’s been redesigned by Modern Creations: http://truecostofhealthcare.org
There are three new sections:
The first is a study of the prices of brand name medications. It shows that the price pharmacies in the US pay for brand name drugs have gone up an average of 40% in 2 1/2 years. That’s about 18 times the rate of inflation.
The other two new pages examine Medicare supplemental policies as well as Part D and Advantage programs:
- http://truecostofhealthcare.net/medicare-supplemental-insurance/
- http://truecostofhealthcare.net/medicare-part-d-and-medicare-advantage/
The page on supplemental policies is an expansion of the blog I wrote 2 years ago on the subject. It answers just about any question you might have about what Medicare covers and how much you would expect to pay if you have Medicare and need medical treatment
***
David Belk, M.D., Announces New Website
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Assessment
Feel free to tell me what you think of it. Also, I’m sending this message from my new email address – truecostofhealthcare@gmail.com
Conclusion
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Filed under: Drugs and Pharma, Health Economics, Health Insurance, Healthcare Finance | Tagged: David B. Nash MD, David Belk MD, healthcare costs, medical inflation, medicare, truecostofhealthcare.org |
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Brand Prescription Drug Use Decreases 16%
[Spending Increases 8.2%]
The Health Care Cost Institute recently released an analysis on healthcare cost and utilization trends for 2014. Here are some key findings from the report:
• Spending on health care for the privately insured in the United States increased 3.4% in 2014.
• In 2014 there was a 16% decrease in brand prescription medication use.
• Spending on brand prescriptions jumped by $45 per capita (8.2%) in 2014.
• In 2014, health care spending averaged $4,967 per person.
• Out-of-pocket spending grew 2.2% to $810 in 2014.
• The price/filled day of Hepatitis C drugs was $983.30, vs. $38.30 for other anti-infective medications.
Source: Health Care Cost Institute, October 29, 2015
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Thanks Dr. Belk for all your insights about supplemental plans for Medicare. At this time I don’t think I need to get a supplement. I am almost 70, have Medicare parts A and B.
Robert Rodriguez M.D.
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I’m happy to have come across your page about how to pay my bill easily with Belk card
payment. thank God for the tips you’ve made, and they are so good. you’ve made it easy for me and my family. it has given us easy methods to go about paying our bills with our mobile phones, mail in-store and online by login our
accounts.
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MEDICARE
At 72yo I’m still very satisfied with Medicare part A & B. I’ve had a couple of outpatient surgeries, colonoscopy and take generic BP med and non-statin generic zetia . Acquaintances often are surprised when we tell them we do not have a Medicare supplement. We don’t pay any co-pays, don’t need referrals and choose our own physician/nurse practicioner. I’m still not convinced of the value of a Medicare supplement plan and they all change their terms every year to add to the confusion and spin it as giving us more choice – no thanks.
Dennis Gundersen retired CRNA.
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