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Medicare spending on HMOs and stand-alone drug plans: what is it worth to beneficiaries?
1Changes in Health Care Financing & Organization, AcademyHealth, USA. bonnie.austin@academyhealth.org.
Abstract:
(1) Medicare beneficiaries value the expansion of stand-alone prescription drug plans more than they value the expansion of HMOs. (2) The addition of subsidized stand-alone prescription drug plans generates nine times as much value per government dollar as the increase in payments to HMOs.
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