The interaction of supply and demand is an initial economic lesson. The FDA approves new drug's safety and efficacy. But it's the payers – Medicare and the insurance companies – that determine the true supply. Before we begin to discuss cost, let's first learn about supply.
Part D Coverage
Medicare Part D provides coverage for the cost of drugs. It is a complex system with varying out-of-pocket costs. The stakeholders, beneficiaries, insurance companies, manufacturers and the feds are all trying to shift costs to someone else. Two graphs will show the value of Part D to patients and what all the fighting is about.