Medicare Part D drug plan enrollees usually pay considerably less for prescription drugs than posted carrier drug prices indicate.
Officials with the inspector general’s office at the U.S. Department of Health and Human Services have come to that conclusion in a review of the accuracy of a Part D plan drug price database.
The officials based their analysis on a review of prices for 10 commonly used drugs that were fed into the Part D program “Plan Finder” system from Sept. 24, 2007, to Oct. 7, 2007.
The Plan Finder drug prices were 28% lower than the actual drug prices, officials report. For 19% of the claims, Plan Finder prices were more than 100% higher than the actual drug costs.