The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retired Fools


Subject:  Re: Medicare Part D - Estimate Costs Date:  8/6/2013  5:28 PM
Author:  intercst Number:  18585 of 22784

pauleckler writes,

<<Medco is basically a complete fraud.>>

Let's keep in mind that insurance is not about someone else pays your bills, but rather that you pay into the pool a predictable amount when you are healthy, and the pool then pays your bills when you are ill.


I understand the concept of an insurance pool.

My problem with Medco is that they charge my insurance company 3 or 4 times the cash price at Costco, and my co-pay is 30% on some of the prescriptions.

What Medco charged the insurance company used to be secret until they were charged with a massive nationwide fraud. As part of the settlement, they now have to disclose prices to their customers.

There's more disclosure from Medco today, but the same price gouging. That's why the cash price at Costco is often less than the co-pay with Medco.


Copyright 1996-2021 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us