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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
The Citizens Health Prescription: Coping With Rising Drug Costs, Shannon Cadres
The Citizens Health Prescription: Coping With Rising Drug Costs, Shannon Cadres
New England Journal of Public Policy
Prescription drug prices have climbed to unaffordable levels in recent years, creating a serious public policy problem for lawmakers at both the state and federal levels. The U.S. Medicare program only covers the costs of inpatient prescription drugs, and only seventy-five percent of beneficiaries are receiving coverage through some other means. But because of the tremendous power of the pharmaceutical industry on Capitol Hill, lawmakers in Washington have been unable to agree upon a workable solution. As a result, many states are experimenting with different strategies to provide some relief. Massachusetts has attempted to solve the problem through the Prescription …
A Crisis In Insurance, Benjamin Lipson
A Crisis In Insurance, Benjamin Lipson
New England Journal of Public Policy
As the life and health insurance industry evaluates its long-term financial goals, the cloud of Black Monday — October 19, 1987, the day the stock market collapsed — blurs its cherished investment income projections. With investment portfolios under siege, mutual life insurance companies and stock companies alike are wary of making policy-pricing miscalculations that could prove to be disastrous. As if that weren't enough, one single disease — acquired immunodeficiency syndrome — looms as the most serious threat to life and health insurers for the remainder of this century. The spread of the new disease has caused insurers to adjust …