Data Updates - PNHP
Prescription drug costs account for 40% to 60% of employer health costs for retirees over 64 (because Medicare does not cover medications). As a result of rising drug expenditures, retiree health benefit costs have been increasing 18% annually and could increase by as much as 34% next year (U.S. Chamber of Commerce, New York Times, 5/9/02). ................
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