Why Some Seniors Are Paying Different Prices for the Same Drug Under Medicare
WSJ Your Money Briefing
The Wall Street Journal
4.1 • 1.7K Ratings
🗓️ 26 November 2024
⏱️ 9 minutes
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| 0:00.0 | exchanges the goldman sacks podcast featuring exchanges on rates inflation and u.s recession risk |
| 0:12.1 | exchanges on the market impact of ai for the sharpest analysis on forces driving the markets |
| 0:18.8 | and the economy count on exchanges between the leading |
| 0:22.1 | minds at Goldman Sachs. New episodes every week. Listen now. Here's your money briefing for |
| 0:34.2 | Tuesday, November 26th. I'm J.R. Waylon for The Wall Street Journal. |
| 0:41.3 | Seniors enrolled in Medicare health plans could be on the hook for potentially thousands |
| 0:45.9 | of dollars in additional out-of-pocket expenses for prescription drugs. |
| 0:50.9 | If there's 2,000 different prescription drug plans, there might be 2,000 different prices. |
| 0:58.1 | And they might range from the lowest price costing Medicare maybe $50, $60. |
| 1:04.8 | And it could go all the way up where the most expensive price is maybe $8,000, $10,000. |
| 1:10.7 | We'll talk to Wall Street Journal reporter Jared Hopkins. |
| 1:13.7 | After the break. |
| 1:24.1 | This podcast is brought to you by CME Group, |
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| 1:29.9 | offering the widest range of global benchmark products across all major asset classes. |
| 1:34.9 | CME Group, where risk meets opportunity. |
| 1:51.5 | Medicare often pays vastly different prices for the same drug, even for people insured under the same plan. |
| 1:54.6 | Wall Street Journal reporter Jared Hopkins joins me. |
| 2:01.2 | Jared, take us through the process of how a drug gets from the manufacturer to Medicare to the consumer. |
| 2:06.6 | Medicare is the largest purchaser of drugs. It's obviously a government program, |
| 2:13.4 | primarily for people 65 and older in the U.S., as well as a few other subsets of patients. |
| 2:19.8 | Within Medicare, there is something called Medicare Part D, which covers prescription drugs. |
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