Medicare Doughnut Hole

(redirected from Medicare Donut Hole)
Formally known as the Medicare Part D Coverage Gap. The difference between the initial coverage limit and the catastrophic coverage threshold, as described in the Medicare Part D prescription drug program. After a Medicare beneficiary surpasses the prescription drug coverage limit, the Medicare beneficiary is financially responsible for the entire cost of prescription drugs until the expense reaches the catastrophic coverage threshold, fancifully likened to a doughnut which provides pleasure to the consumer until he hits the centre—no joy—then returns to the happy part
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Nelson says closing the so-called Medicare donut hole early would save taxpayers approximately $9 billion over ten years and help offset some of the additional spending being proposed in a budget deal the Senate is expected to take up later this week.
I feel your goal of just eliminating the Medicare donut hole to be poorly thought out, especially in these economic times.
Like most Democrats, I couldnt support a plan that left millions of seniors including my mother who suffered from Alzheimers with huge prescription drug bills under what would later become known as the Medicare donut hole.
Although the Pharma industry will benefit from the rise in insured individuals, measures such as the increased Medicaid drug rebate and Medicare donut hole discount will have an immediate negative impact on revenues out to 2014.
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