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01/19/2006: The Medicare Drug Fiasco....
I've been seeing various news stories/blog entries about this, but Bryan gives us the benefit of his personal experience with the fiasco.
Speaking of which, I'm curious. Can anyone explain to me why on earth anyone thought that "the doughnut hole" (source):
Under the Bush plan, a typical retiree pays a monthly premium for prescription drugs averaging $32 a month. After he or she satisfies a $250 deductible, the insurer must cover 75 percent of the next $2,000 in drug costs. The assistance then vanishes through the so-called "doughnut hole," until total expenditures exceed $5,100, at which point insurance kicks in again to cover 95 percent of additional drug costs.is a good idea?
What is the point of not reimbursing anything spent between $2,000 and $5,100?
Makes no freakin' sense to me.
Len on 01.19.06 @ 12:03 PM CST
