Worksheet to Calculate
Approximate Drug Costs
Under Medicare Reform Plan
Congress recently passed a complex bill to reform Medicare. Congressman Solomon Ortiz created the following formula for individual seniors to approximate how the bill will affect them, given their specific financial profile. This formula is meant only to provide a rough estimate of costs.
The calculations in this worksheet are based on how the plan will affect seniors beginning in 2006. This worksheet is based on 2003 prices; we do not account for inflation, price increases, or other factors. So whatever out-of-pocket costs the formulas here estimate for seniors, the actual cost will likely be much higher.
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