On the penalties for signing up late for Part D
I don't often make a habit of quoting entire posts made by other people, but I thought this was worth sharing. It echoes my thoughts exactly on the subject of the mainstream media's coverage of the Medicare Part D. From Drugwonks:
The MSM is so predictable. Rather than reporting on the success of Part D enrollment the stories are now all about "the penalty." As Bob Goldberg has mentioned (see below) this draconian measure averages out to between about $2-$5 a month. But this fact, not surprisingly, hasn't been reported. The issue that the media, lawmakers, and pundits have missed is that when you don't have a deadline people who are eligible and entitled to Federal programs don't sign up. A spot-on example is CHIP. As mayors and governors nationwide have bemoaned — if all of the CHIP-eligible families in the US were actually using the program, the numbers of children without health care coverage would plummet. But, there's no deadline so there's no urgency.
And that's the ultimate penalty.
Election year grandstanding indeed.
[tags]Medicare Part D[/tags]
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