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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: TideGlider who wrote (95777)11/22/2010 3:29:37 PM
From: Kenneth E. Phillipps  Read Replies (2) of 224748
 
DONUT HOLE DISCOUNTS IN 2011 BECAUSE OF HEALTH CARE REFORM

The coverage gap still kicks in after you and your plan have spent $2,840 on covered drugs and doesn't go away until participants spend $4,550. However, during the coverage gap - known as the donut hole - there will be discounts: 50% for brand-name drugs and 7% for generics.

Also, out-of-pocket costs, which determine when participants get out of the donut hole, will include the full cost of brand-name drugs, meaning people will get through the coverage gap faster. Consumers' share of costs will continue to decrease each year until the donut hole phases out in 2020.

Read more: nydailynews.com
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