Assessing the Design of the Low-Income Subsidy Program in Medicare Part D: Working Paper 2014-07

Andrew Stocking, James Baumgardner, Melinda Buntin and Anna Cook

No 49451, Working Papers from Congressional Budget Office

Abstract: By Andrew Stocking (CBO), James Baumgardner (CBO), Melinda Buntin (Vanderbilt University), and Anna Cook (CBO) The structure of the Medicare Part D prescription drug program generally encourages plan sponsors to submit low bids. However, rules in the program relating to low-income beneficiaries generate a different set of incentives for plans seeking to serve those beneficiaries. We find that over the first five years of the Part D program, two types of plans emerged—those that catered primarily to beneficiaries receiving low-

JEL-codes: I10 I11 I13 I18 I38 (search for similar items in EconPapers)
Date: 2014-10-08
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