Achieving Maximum Value from Prescription Drug Coverage of Chronically Ill Medicare Beneficiaries

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This study tests the premise that through better management of medication regimens, the health of chronically ill Medicare beneficiaries will improve and this improvement, in turn, will lead to significantly reduced spending on traditional Medicare services. The first part of the project, which will focus on Medicare beneficiaries enrolled in employer-based retiree health plans, will estimate the potential savings from establishing optimal drug treatment regimens for five common chronic diseases. The second part will focus on service utilization and costs for beneficiaries enrolled in stand-alone Medicare Part D prescription drug plans. Armed with these findings, policymakers and health plan managers will be able to target quality improvement efforts and devise cost-sharing policies that maximize the value of prescription coverage for beneficiaries with chronic disease.

Grant Details

Grantee Organization:
University of Maryland, Baltimore
Principal Investigator:
Bruce Stuart, Ph.D.
Award Amount:
$493,844.00
Approval Date:
August 15, 2007

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