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
- From loss to security: Supporting widowed clients with life insurance
- Plan now for lower Social Security benefits later
- The conversation almost no advisor is having yet
- Why advisors should offer retirement-longevity planning
- A hybrid approach outperforms the 4% Rule, researchers find
More Advisor NewsAnnuity News
- Empower Annuity Insurance Company of America Trademark Application for “EMPOWER WHAT’S NEXT” Filed: Empower Annuity Insurance Company of America
- Industry pushes back on linking ‘financial strength’ to annuity illustrations
- Sammons Enterprises & Sammons Financial Group Respond to Reports
- The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
- Cayman Islands premier to meet with U.S. reinsurance regulators
More Annuity NewsHealth/Employee Benefits News
Life Insurance News
- New Influenza Study Results from University of Auckland Described (Risk Management In Deadly Times: the Us Life Insurance Industry In the 1918-9 Influenza Pandemic): Influenza
- AM Best Assigns Credit Ratings to InEvo Re Ltd.
- Life Insurance Awareness Month: Time to Reassess Your Coverage
- U-Haul Holding Company Announces Twentieth Annual Virtual Analyst and Investor Meeting
- Securian Financial Increases Individual Life Retention to $10 Million, Strengthening Support for High-Net-Worth Life Insurance Market
More Life Insurance News