Today, the Obama administration announced that Medicare beneficiaries, particularly Seniors, have saved $40 million in brand-name drug costs under healthcare reform. In addition, about 4 million seniors who were in the Medicare drug coverage gap in 2010 have received their one-time rebate checks of $250. Clearly, the 50 percent discount on drug costs have paved the way for this good news for Medicare enrollees that are struggling to pay for needed prescription medications. The Department of Health and Human Services emphasized the following:
- About 48,000 Medicare enrollees saved a combined $38 million on brand-name drugs thanks to a new 50 percent discount on meds that fall in the so-called doughnut hole.
To understand Medicare and its benefits today and in the future more carefully, watch the video below…
Credit source: TheHill.com ‘Healthcare’ blog & Healthcare.gov video.