News Headlines Article

Medicare prescription savings pass $1B mark
San Francisco Chronicle

Medicare says seniors with high prescription costs have saved more than $1 billion thanks to the new health care law. President Barack Obama’s health care overhaul provides Medicare recipients in the coverage gap called the “doughnut hole” with a 50 percent discount on brand-name drugs this year, and a smaller break on generics. The discounts gradually increase until the coverage gap closes in 2020.