If this is a preview of Health Care Reform, then most Americans are going to be very disappointed.
CBS News The Pharmaceutical Research and Manufacturers of America (PhRMA) has agreed to reduce its draw of revenues by $80 billion over 10 years by discounting the cost of medicines in Medicare’s Part D prescription drug program for some seniors by as much as 50 percent. The discount would go to seniors who fall into the "doughnut hole" -- a gap in Medicare Part D coverage. Currently, once seniors have received $2,700 worth of drugs, they are left to pay the full cost of their medication until that cost reaches $6,100. "This gap in coverage has been placing a crushing burden on many older Americans," Mr. Obama said. The agreement, he said, will make health care "more affordable for millions of seniors and restore a measure of fairness to Medicare Part D."
