Axios reported that “the pharmaceutical industry is livid about a surprise change to Medicare drug policy that was slipped into the Senate budget deal. The bill would close the Medicare Part D “donut hole” in 2019, a year earlier than previously scheduled, and force drug companies to shoulder most of the cost.”
Medicare’s donut hole puts seniors and disabled people on the hook for a large chunk of their prescription costs. It’s supposed to go away in 2020, as part of the Affordable Care Act. Beneficiaries would pay no more than 25% of brand-name drug costs, while health plans would cover 25% and drug companies would cover the remaining 50% through discount payments.