Thursday, October 05, 2006

Doughnut Hole In A Nutshell

 The doughnut-hole gap in coverage results from the bill’s authors’ desire to cap the overall price of the program. After they made it way too expensive by allowing their drug company friends to charge high prices, they had to cut a gaping hole in the seniors’ coverage in order to save money. Economist Dean Baker has calculated that if the Part D program had been structured to get the best, lowest prices from the drug companies – as the Veterans Administration does today -- we could have saved enough money to eliminate the donut hole without raising the cost of the Part D program.

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