Medicare Part D donut hole saving News from HHS

Nearly Four Million Seniors Received Cost Relief, 50 Percent Discount on Prescription Drugs Saves Seniors $38 Million in Just Two Months

http://www.healthcare.gov/center/reports/donuthole03222011a.html

Summary
The Affordable Care Act has strengthened the Medicare Part D prescription drug program by beginning to close the coverage gap (also called the “donut hole”). The Centers for Medicare & Medicaid Services (CMS) has successfully implemented many of these provisions of the Affordable Care Act, allowing millions of people with Medicare to see reduced out-of-pocket costs for their prescription drugs. Many more will receive benefits as the coverage gap is further reduced over the next several years. This report summarizes the Affordable Care Act’s progress in reducing out-of-pocket prescription drug costs for Medicare beneficiaries and reports on how many individuals have received tangible benefits in the law’s first year.