The conventional view on Wall Street is that the Medicare formularies mimic commercial formularies, and that's incorrect. These formularies are more stringent than what you see in the private sector.
Dan Mendelson
We estimate that 17 million individuals need to actually fill out the forms, send in a premium and sign up.
individuals sign
That will serve as a disincentive for some beneficiaries to enroll in a plan. It is a way to ensure some plans attract healthier people.
plans people plan serve attract
wall view
Many of the plans that set out into this market, set out with expectations that they would have a larger base of beneficiaries. I do expect you will see some of the smaller, newer plans dropping out.
plans market expectations
The whole purpose of this drug benefit was to get drug coverage in the hands of all Medicare beneficiaries. Where are the people? That's the question.
purpose people hands question benefit
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