The Implications of Medicare Prescription Drug Proposals for Employers and Retirees

Publication Date: July 2000

Publisher: Henry J. Kaiser Family Foundation

Author(s):

Research Area: Health; Labor

Type: Report

Coverage: United States

Abstract:

This report examines the potential savings for employers who currently represent the largest source of drug coverage for seniors. The study finds substantial savings for large employers under comprehensive Medicare prescription drug proposals ranging from $5-8.5 billion in 2003 to $10-$15 billion in 2009. It also finds that the majority of large employers are likely to retain retiree coverage, as a supplement to a Medicare drug benefit.