Of those 17 million, only about one million seem to have enrolled so far.

About 12 million nationwide qualify for this and they are automatically enrolled,

It might seem a little far-fetched, but we'll do things like we'll have a calling tree to check on our families.

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.

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.

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.