Government

If you are under age 65 or an employer providing prescription drug coverage, beware!

The recent agreement between the pharmaceutical companies and Sen Max Baucus to provide a 50% discount on prescriptions to people on Medicare who find they are within the so-called donut hole is interesting.

Interesting because no one seems to question the consequences of the companies giving away $50 billion, like higher cost for the rest of us.

In additi0n, what about employers who have opted for the federal rebate in return for continuing prescription coverage for their retirees.  Do they share in the discounts? The agreement contains a yet to be explained incentive for employers to stay in the game.

Read more here:  Senate Press release

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Categories: Government, Healthcare

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