A Medicare Timebomb
Honestly, I haven't kept up with all the details on the Medicare Drug Plan, but this surprises me. Millions of seniors on the Bush Drug Plan are about to get nailed for $3,600 that they don't see coming.
In coming months, millions of beneficiaries will have similar experiences, as the cost of their drugs reaches the initial coverage limit of $2,250. Like Mr. Flores, they will have to pay the full cost of each medicine until their out-of-pocket costs reach $3,600. At that point, Medicare coverage resumes, paying 95 percent of the cost of each prescription.
Tell me this doesn't sound like something that going to create some serious anti-Republican backlash.
4 Comments:
Ahhh .... the donut hole. Yep. Here it comes!
By Greyhair, at 4:05 PM
Again, I hadn't been keeping up on the details, it doesn't affect me directly, at least I am not and know no one close on Medicare. It just blows my mind. Simple math says that if it's 1 million seniors, they are going to be paying as much as $3.6 Billion.
Mind blowing.
Mike
By mikevotes, at 5:00 PM
Oh well. At least it helps to foot a tiny percentage of the bill for the tax cut gifts Bush gave to the top 1 percent. Didn't anyone wonder where that money was going to originate from? On the backs of those who can least afford it, as usual.
By Anonymous, at 8:20 PM
Yeah, Rachie. Those "millions" on fixed incomes handle sudden expenses so well.
Mike
By mikevotes, at 10:08 PM
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