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CBO Presentation: Competition and Bids in Medicare's Prescription Drug Program (PDF)
Congressional Budget Office [CBO]
June 24, 2013 13 presentation slides. Summary: "Beneficiaries place weight on the premium and tend to migrate toward low-premium plans. The design of the program generally motivates plan sponsors to submit low bids. The market has experienced a net exit of plan sponsors since 2007, which has generally allowed bids to increase slightly. Some rules of the program reduce the incentive for plan sponsors to submit low bids." MORE >> |
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