Title III. Improving the Quality and Efficiency of Health Care
Closing the “Donut Hole” for the Medicare Prescription Drug Plan
In 2010 seniors who reach the “donut hole” will receive $250 to reduce the cost of their drug purchases. Over 8 million seniors hit this gap in Medicare coverage, and for those who do not have other coverage, average drug costs are $340 per month, or $4,080 per year. Seniors who hit the gap in drug coverage are often chronically ill and many are forced to go without the prescription drugs they need.
Each year, the Act will gradually close the coverage gap so that it is entirely closed for America’s seniors by 2020. This will save seniors on Medicare thousands of dollars.
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