Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn

Exercise 15

What major factors led to the inclusion of prescription drug coverage under Medicare Is the insurance purchased directly from the Federal government or from private insurers What is the annual deductible under the coverage In percentage terms, what is the copayment for prescription drug expenses below $2250 annually What percentage of expenses is covered above $3600 annually Why might the new coverage boost the price of prescription drugs