Excerpt: This analysis finds that, even with its new drug benefit, Medicare on average provides less generous benefits to seniors than they would receive under a typical large-employer health plan or the most popular plan available to federal employees. The study compares the traditional fee-for-service Medicare benefit package, including the drug benefit, with a typical large employer PPO plan and with the Blue Cross/Blue Shield standard national PPO plan available to federal workers under the Federal Employees Health Benefits Plan, which covers about half of all federal workers.  MORE >>