Corporate Compliance

Study: Two in 10 expect to enroll in Medicare drug benefit program in 2006

Compliance Monitor, July 14, 2004

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Two in 10 Medicare beneficiaries expect to enroll in the drug benefit program in 2006, in spite of investment by the government, AARP, and other supporters of the legislation, according to a new study by Market Strategies, Inc, a market research and consulting firm in Livonia, MI.

The following are some key findings:

  • 84% of Medicare beneficiaries are aware of the new Medicare-reform legislation, but most are not familiar with the specific provisions
  • Beneficiaries who are aware of the legislation are less likely to believe it will provide them with better coverage
  • There is a strong correlation between those beneficiaries who will purchase a Medicare Discount Drug Card (MDDC) and those that intend to enroll in the drug benefit in 2006
  • Beneficiaries do not recognize that the legislation contains changes in managed care offerings
  • More than two-thirds disapprove of the legislation because they don't think it will improve their current drug coverage
  • Those who are college educated are more dissatisfied with the new coverage provisions than those who are not
  • Those who purchase drugs from Canada and other countries believe that importation will have greater impact on lowering drug costs than the new MDDC

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