About 26% of Medicare Enrollees With Prescription Part D Coverage Reached “Donut Hole” in 2007

OPEN MINDS On-Line News Strategic Health Care News In 2007, according to prescription utilization data, about 26% of Medicare beneficiaries with Part D prescription coverage reached the “donut hole” of their policies and were required to pay the full cost of their prescriptions. Medicare Part D policies provide prescription coverage until a beneficiary’s total drug spending reaches $2,400; catastrophic coverage starts after the beneficiary has spent a total of $3,850 out of pocket. Under the catastrophic coverage most of the costs of on-formulary drugs are covered. Of the approximately 3.4 million people who reached . . .