Policy Documents

Seniors' Drug Costs: Government versus the Internet

Devon Herrick –
January 10, 2007

Leaders of the new Democrat-controlled Congress have expressed concern about the out-of-pocket costs to seniors under many of the new Medicare drug plans. Some are calling for expanded coverage, which would lead to higher premiums, higher taxes or both. Others want the federal government to negotiate prices directly with drug companies (as the VA Health system does). But this approach threatens to limit seniors' access to many drugs. Fortunately, there is a better way: The Internet. By taking advantage of this new tool, seniors can greatly reduce their out-of-pocket costs by choosing less expensive drug therapies and by choosing a plan that best meets their needs.