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Word: copayment (lookup in dictionary) (lookup stats)
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...depends on whom you believe. Democrats like Senator Edward Kennedy say about 6 million of the poorest and sickest elderly receive better drug benefits under Medicaid, the state-administered federal program for the poor. Under the new Medicare plan, an elderly couple earning less than $16,362 will copay only $1 to $3 per prescription, and Kennedy has argued that even such a modest amount can be a burden. Ten states currently exempt their poorest seniors from paying for drugs at all. According to a report released by Kennedy's staff, these 6 million beneficiaries "will be worse off. Their...

Author: /time Magazine | Title: Six Questions About The New Medicare Bill | 12/8/2003 | See Source »

...became the first city in the nation to officially encourage its employees to buy prescription drugs from Canada. City workers fax or mail their prescriptions to a company in Canada; the prescriptions are filled there, and the drugs are mailed to the patients' homes. The workers get a reduced copay, and the city saves 20% to 80% on each pill. In just four months, Springfield Meds, as the program is known, has saved the town about...

Author: /time Magazine | Title: Drug Costs: The Canadian Cure | 11/24/2003 | See Source »

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