Seniors Win Battle over Medicare Part D Doughnut Hole

“Any changes to Medicare should help, not hurt, patients,” say the PhRMA ads. Yet PhRMA’s actions tell a different story. Last February, Congress struck a bipartisan deal to help close the Medicare Part D prescription drug coverage gap, known as the ‘doughnut hole,’ a year earlier than expected. In addition, brand name drug companies are now responsible for picking up more of the cost of their products for Medicare beneficiaries who are in the doughnut hole. The provision was part …

New Report Shows the Savings in the Closing Doughtnut Hole

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 …