Tuesday, March 20, 2012
Medicare Beneficiaries Benefit From Shrinking Donut Hole
More than 5.1 million Medicare recipients saved over $3.2 billion on prescription drugs in 2011 as a result of health reform measures, including $106 million in savings on psychiatric medications. This according to a recent announcement from Health and Human Services Secretary Kathleen Sebelius. The savings included a $250 rebate check to beneficiaries who hit the Medicare Part D coverage gap—commonly referred to as the “donut hole”—in 2010, as well as a 50 percent discount on covered brand-name drugs in the donut hole in 2011, said Sebelius. Read more about Medicare Part D and how its implementation has led to a decreased reliance on inpatient care in Psychiatric News.
The content of Psychiatric News does not necessarily reflect the views of APA or the editors. Unless so stated, neither Psychiatric News nor APA guarantees, warrants, or endorses information or advertising on this site. Clinical information is not peer reviewed and thus should be independently verified.