Medicare’s Part D Doughnut Hole Has Closed! Mostly. Sorta.
In 2006, after meeting the deductible, participants paid 25 percent of the negotiated cost of each prescription until the cost of their drugs totaled $2,250. By last year, those thresholds had risen to $3,820 to fall into the gap and $5,100 to climb out. “It was designed that way because Congress had a self-imposed budget target,” said Tricia Neuman, who directs the…
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