Health Insurance Daily

Best Drug Prices: Medicare or Canada?

It may be less costly to get prescription drugs through the new Medicare drug plan than from online Canadian pharmacies, according to a new AARP report.

AARP crunched the numbers for five people taking a variety of prescription drugs.

Using the drug plan finder on Medicare's web site, AARP calculated the costs of buying the drugs under the new Medicare plan, which begins on Jan. 1, 2006, or through online Canadian pharmacies.

The bottom line: Medicare was less expensive for four out of the five people studied.

The AARP report shows that Medicare's prices beat Canada's for the four participants who each had more than one prescription.

Co-payments, deductibles, and monthly premiums were calculated. The numbers come from the least expensive Medicare plan each patient could have chosen that covered all of their drugs.

To read more on this article click on WedMD Medical News.

posted by Mike @ 9:05 AM