As Medicare Part D’s prescription drug benefit program approaches its tenth anniversary, beneficiaries continue to declare the program a success. According to results from the Medicare Part D survey from Medicare Today and KRC Research released last week, an impressive 90% of seniors with Medicare prescription drug coverage feel satisfied with the program. The survey, which gauges the sentiment of Part D participants, has seen an increase in satisfaction levels since its implementation in 2006.
Other key survey findings highlighted the different factors of the program’s success:
- Seniors rely on the Part D program now more than ever. As satisfaction levels continue to grow, 72%of Part D enrollees agree that they feel better off now than before they had Medicare prescription coverage. Over 85% of participants indicated that eliminating Part D would increase out-of-pocket costs and would force them to cut back on or eliminate some prescription regimens.
- Participant satisfaction crosses demographic lines. Between men, women, Republicans and Democrats no single group expressed a satisfaction rating lower than 87% for their Part D coverage. Furthermore, over 94% of demographic groups like African Americans and Hispanics gave a high satisfaction rating.
- Affordability and convenience drive high satisfaction. In a 6% increase from 2012, over 95% of Part D enrollees indicated that ease of use contributed to their continued satisfaction. Additionally over 84% noted that the affordability of their co-pays and premiums contributed to their feeling that the program exceeds their expectations.
This year’s survey results hammer home the real value of Part D for America’s seniors. Delivering prescription drugs to Medicare beneficiaries at low costs represents a successful model that needs no change. Year after year we hear the beneficiaries speak up about the program’s success, but the responsibility to educate and advocate for the preservation of Part D cannot fall on participants alone.