Guest opinion: Medicare Part D: A success story for Florida’s seniors
Lawmakers in Washington are working hard to reduce entitlement spending and lower the deficit. These are worthy goals. However, during this process, it’s vitally important that policymakers not compromise successful federal programs.
Medicare Part D is such a program. Part D needs to be preserved and protected, as it has dramatically improved seniors’ access to prescription drugs and has cost taxpayers far less than expected.
Part D employs a unique market-based structure that offers enrollees genuine choice in their coverage and harnesses competition to keep prices down. The government doesn’t directly provide coverage through Part D — private insurers do. Seniors are free to choose among a broad range of plans based on their needs. The government monitors the market and provides financial support to enrollees.
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