Simon, Kosali Ilayperuma; Lucarelli, Claudio - National Bureau of Economic Research (NBER) - 2006
Medicare's Part D offers heavily subsidized new drug coverage to 22.5 million seniors to date, of whom 16.5 million are in stand-alone drug plans (Department of Health and Human Services, 2006). The government delegated the delivery of the benefit to private insurance companies arguing that...