At long last, relief for prescription costs is in sight
COMMENTARY
RICHMOND - For a couple of decades, my husband took 16 pills a day, some of them bottled by the
The reason for the split between two pharmacies - obviously a bit of a nuisance - was that his World War II service entitled him to a
What we didn't know in the years we grumbled about one entity not doing what another one had managed to do for years was that the
On the downside, however, the
BASS, Page 4
Bass
FROM PAGE 3
group found that the
The difference in operation is that the
Under the new law, which will be implemented in phases, both the Medicare patient and the government will save money. It's a lot of money: In 2021, the Government Accountability Office reported that the
One of our common expressions when we get something we've been waiting for interminably is to say, "It's high time." Certainly it's high time this happened, after all the years we've read about what Canadians pay for prescriptions, but it is complicated.
In the meantime, it's interesting how people deal with collections of prescribed pills. We have a heart-warming photo of my husband and our 3-year-old granddaughter at the table in a hotel in
Years earlier, at breakfast in a different place in
It's often been reported that some seniors have had to choose between medication and rent or food. So they will rejoice in one of the provisions that will take effect in 2025 with the new law - out-of-pocket prescription drug costs in Medicare will cap at
Few parts of this apparently will happen instantly, since steps are implemented in a succession of years. But government's foot on the brakes will continue to put long-awaited pressure on pharmaceutical companies. The burden for seniors has been a bitter pill for too long.
Now that


What Inflation Reduction Act means for Coloradans
Senior living: What Medicare plan is best for you?
Advisor News
- The 6X Formula for leveraging content marketing with AI
- When a home becomes difficult to insure, the plan changes
- The inheritance gap: Helping clients plan for money that hasn’t arrived
- After the midterms: Addressing your clients’ tax concerns
- Berkeley arts tax heads toward passage while public bank measure looks likely to fail
More Advisor NewsAnnuity News
- DOL, trade groups, state AGs file briefs supporting Alcoa in PRT lawsuit
- John Hancock launches new fixed indexed annuity suite
- Annuities to play a larger role in workplace retirement plans
- FHLBank Pittsburgh Announces Results in 2026 Board Election
- Regulators advance shorter, streamlined annuity buyers guide
More Annuity NewsHealth/Employee Benefits News
- Kansas' rate of children without health insurance tops national average for second year
- Incoming chair of US Senate panel will seek healthcare overhaul, but unclear on details
- New Virginia subsidies help lure people back to health insurance
- High costs limit rural Nebraskans’ access to health care
- Medicare is already reading your 2026 tax return
More Health/Employee Benefits NewsLife Insurance News
- Three lawsuits put life insurers’ cost-of-insurance practices under scrutiny
- Military Briefs: November 12-18
- Security Benefit Series B Preferred Stock Dividend Rate Resets to 10.286%
- FHLBank Pittsburgh Announces Results in 2026 Board Election
- New Jackson Study Finds the "Sandwich Generation" Squeeze Comes from More Than Two Sides and It’s Quietly Draining Retirement Savings
More Life Insurance News