As part of the reform law, the pharmaceutical industry agreed to offer a 50 percent discount for brand-name prescription drugs in the Medicare “doughnut hole” — the coverage gap in which seniors pay for their drugs out of pocket. Nearly 900,000 seniors have received that discount, at a total savings of $461 million, according to HHS.
The department also said premiums for prescription drug coverage will decrease slightly next year. The average premium will fall roughly $1, holding steady at around $30, according to an HHS release.
And there’s more god news for seniors:
Separately, HHS said 17 million seniors have received at least one preventive healthcare service without a co-pay. The healthcare law eliminated co-pays for many preventive services under Medicare and will ultimately do the same for private insurance.