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This 2018 diagram via Insider Inc. illustrates the cost and rebate structure of an imaginary drug with a list price of $100, on a commercial plan covering all but a $20 co-pay. The basic purpose of this diagram is to understand the drug and dollar flow in the US pharma industry. Below, I am providing…
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Parts of Medicare Mostly defined by 3 parts: A, B, and D. Part A (Hospital Insurance) Part A helps cover: Part B (Medical Insurance) Part B helps cover: Part D (Drug coverage) Part D helps cover the cost of prescription drugs (including many recommended shots or vaccines). You join a Medicare drug plan in addition…
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Premium: A monthly amount you pay for your insurance coverage, whether you use services or not. It’s your regular payment to keep your insurance active. Deductible: The amount you pay for covered services each year before your insurance plan begins to pay. Coinsurance: It is a portion of the medical cost you pay after your…
Shaili Sirohi Blogs 