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Good news everyone! There’s a new report that shows lots of people saving good cash on prescription drugs because of the Affordable Care Act. The Health and Human Services department reports that seniors have saved around $5.7 billion since January of 2011. This is largely due to the closing of the doughnut hole. While everyone who qualifies saves money, it really benefited those with chronic conditions. HHS has projected that savings per Medicare beneficiary will be about $5,000 through the …
Nearly 13,000 Medicare Part D beneficiaries will receive reimbursement checks from CVS Caremark, the Federal Trade Commission (FTC) announced Tuesday, as part of a $5 million settlement for overcharging on some drugs for seniors and the disabled. The checks are being sent to customers who overpaid for drugs used to treat epilepsy and breast cancer, among other illnesses, and who were forced into the so-called doughnut hole – in which no drug costs are reimbursed – as a result of …
Part D is keeping you out of the hospital: Five years after the drug plan’s debut, seniors covered by Medicare Part D are healthier and taking better care of themselves.
If you use generic prescription drugs, you’ll be happy to know that you paid nearly 8 percent less for them in 2009, according to a new report from AARP’s Public Policy Institute. Even better news: A new industry-funded report says the trend toward cheaper prescription generic drugs will continue through 2015. That’s a double-dose of good news for seniors approaching the Medicare drug coverage gap known as the dreaded doughnut hole. Up to 4.5 million seniors will fall into the Part …
About 3.4 million Americans enrolled in the Medicare Part D drug plan encountered a gap in their prescription coverage, otherwise known as the “doughnut hole,” leading some of them to stop taking their prescribed drugs altogether.