Medicare: Cost-saving changes coming for diabetics
by Lauran Neergaard
In this March 14, 2009 file photo, a woman gets ready to check her blood sugar in Sacramento, Calif. Medicare begins a major change next month that could save older diabetics money and time when they buy crucial supplies to test their blood sugar _ but it also may cause some patient confusion. On July 1, Medicare opens a national mail-order program for diabetes testing supplies that will drop substantially the prices the government pays for those products _ and will restrict who's allowed to sell them. The goal is to save taxpayer dollars, and seniors in the program should see their copays drop, too, from more than $15 an order to less than $5. For a chronic disease, that can add up fast. (AP Photo/Steve Yeater, File)
Medicare begins a major change next month that could save older diabetics money and time when they buy crucial supplies to test their blood sugar.
On July 1, Medicare opens a national mail-order program that will dramatically drop the prices the government pays for those products but patients will have to use designated suppliers. The goal is to save taxpayers money but seniors should see their copays drop, too.
About half of the 4.2 million diabetics with traditional Medicare coverage used mail-order last year. Starting July 1, patients can also get the savings at drugstores enrolled in the Medicare program.
It's the biggest expansion yet of a larger initiative that's predicted to save billions over the next decade by cracking down on waste and fraud in the medical equipment industry.
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Medicare: Cost-saving changes coming for diabetics (2013, June 18)
retrieved 23 April 2024
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