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medicare donut hole

The Health Care Reform Act (HCRA) has been in the news a lot lately, and everyone is wondering what it will mean for them. Patients, healthcare providers, healthcare facilities, and even pharmacists are torn between being concerned and hopeful. Most of the media attention has focused on how this bill is going to help individuals or how much money it is going to cost to implement. However, not a lot of people are talking about the job growth and boost to the economy that could result from the Health Care Reform Act and its impact on the donut hole in Medicare.

pharmacy

It sounds odd to speak of donut holes and Medicare in the same sentence, but these donut holes are not like the kind you would have with your morning coffee. In regards to Medicare, the term Donut Hole refers to a gap in coverage. Specifically, for our purposes, the gap in coverage for medication. Right now, the gap begins after a patient has purchased $2,380 worth of prescription medications. [click to continue…]

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