Mr. Nguyen understands that medicare prescription drug plans can use a formulary or list of covered drugs. He is suspicious about how plans establish these formularies. What sho…

asked Dec 12, 2020 184k views

Mr. Nguyen understands that medicare prescription drug plans can use a formulary or list of covered drugs. He is suspicious about how plans establish these formularies. What should you tell him?

Pick One-
1. Plans must use a single, standard formulary developed by the Federal government to keep cost down and quality high for beneficiaries.
2. Formularies must be developed with input from pharmacist, doctors, and other experts.
3. Formularies are developed purely on teh basis fo drg costs and include the last expensive drugs to keep costs down for beneficiaries and the medicare program
4. formularies are developed by consortium of health plans.