Seniors in Maryland have saved $56.5 million on prescription drug costs because of a provision under health care reform that has eased the Medicare donut hole, new government data has found.
The savings were achieved with rebates and discounts to ease the burden of the donut hole, when patients reach certain limits that require them to pay 100 percent of their prescription drug costs.
The savings started in 2010 when people who hit the donut hole received a one-time rebate of $250. The following year seniors on Medicare received a 50 percent discount on covered brand name drugs and a 7 percent discount on generic drugs in the donut hole. This year, Medicare coverage for generic drugs in the coverage gap has risen to 14 percent.
Savings will increase over time until 2020, when the coverage gap will be closed.
Seniors save $56.5 million in prescription drug costs because of health reform
« Previous Story More Picture of Health - Health care, wellness, food nutrition, exercise, medical research news from reporters who know the halls of the world's top hospital Next Story »
We've upgraded our reader commenting system. Learn more about the new features.
The Baltimore Sun encourages civil dialogue related to our stories; you must register and log-in to our site in order to participate. We reserve the right to remove any user and to delete comments that violate our Terms of Service. By commenting, you agree to these terms. Please flag inappropriate comments.