Obama Says Seniors Have Saved on Medicare ‘Doughnut Hole’

The Obama administration is touting good news for seniors from the health-care overhaul law, pointing to $2.1 billion in discounts on prescription drugs for 3.6 million older consumers in 2011. Part of the law was intended to fill the gap in prescription-drug coverage, the so-called doughnut hole, when Medicare beneficiaries have to to pay up to $4,550 out of pocket for drugs after their costs pass $2,840 for the year.  (Source: Wall Street Journal Blog)  [Read article]