A new the study raises questions about the extent to which consumer choices can be relied upon to reward value and drive competition in Medicare in general.
[UPI]
Low cognition hinders U.S. seniors’ Medicare choices and it calls into question potential effectiveness of a Medicare voucher system, researchers say.
Senior author Michael McWilliams of the Harvard Medical School and Brigham and Women’s Hospital said the Low Income Subsidy for Medicare Part D provides prescription drug coverage essentially free for low-income U.S. adults, but many don’t apply.
For those who are eligible, there is no rational reason not to choose something you want when it is free, McWilliams said.
Read more about obstacles that seniors face to get quality healthcare at UPI.