doughnut hole

“Any changes to Medicare should help, not hurt, patients,” say the PhRMA ads. Yet PhRMA’s actions tell a different story.
Happy Birthday, Social Security — AARP
This summer marks another successful anniversary for Social Security and Medicare as Social Security turns 83 and Medicare turns 53.
Fifteen years ago, President George W. Bush signed the Medicare Prescription Drug, Improvement, and Modernization Act which, among other things, created Medicare Part D to cover outpatient prescription drugs. Today, more than 40 million Americans are enrolled in Medicare Part D prescription drug plans.
Prescription medicine and money
Since 2006, Medicare beneficiaries have had access to outpatient prescription drug coverage through Medicare Part D. The standard benefit under Part D includes an annual deductible, an initial coverage period when enrollees pay 25 percent of their drug costs, and catastrophic coverage that limits enrollees’ spending to roughly 5 percent of their drug costs.
Mature couple researching medicine on the internet
By Nicole Duritz
medicare-pill
Medicare's prescription drug benefit saves taxpayers billions of dollars by dramatically reducing hospital admissions, a new study shows.
prescription_drugs
Nearly seven million seniors and people with disabilities on Medicare have saved $9 billion to date on their prescription drugs thanks to the Affordable Care Act, according to new data released today by the Centers for Medicare & Medicaid Services. That's an average savings of about $1,200 per person since the health care law started closing the " doughnut hole."
medicare-pill
There's a lot to understand about the health insurance marketplace that opens on Oct. 1 - not to mention the Affordable Care Act (or "Obamacare"), which created it. But if you're on Medicare, there's really nothing to be confused about.
Search AARP Blogs