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Medicare Law Is Seen Leading to Cuts in Drug Benefits for Retirees
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| Contributor | RP |
| Last Edited | RP Jul 14, 2004 02:14pm |
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| Category | Analysis |
| Media | Newspaper - New York Times |
| News Date | Wednesday, July 14, 2004 06:00:00 AM UTC0:0 |
| Description | New government estimates suggest that employers will reduce or eliminate prescription drug benefits for 3.8 million retirees when Medicare offers such coverage in 2006.
That represents one-third of all the retirees with employer-sponsored drug coverage, according to documents from the Department of Health and Human Services.
No aspect of the new Medicare law causes more concern among retirees than the possibility that they might lose benefits they already have. |
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