CMS releases Part D drug maker agreementNews added by ProWEB Media on August 5, 2010
Gary Linnell

ProWEB Media

Joined: December 27, 2005

In an effort to close the Medicare Part D coverage gap, the Centers for Medicare & Medicaid Services have released a drug maker agreement that will secure 50 percent savings for beneficiaries next year.

Under the health care reform law, beneficiaries who hit the coverage gap in 2011 will be eligible to receive a 50 percent discount on brand-name drugs and biologics. Drug manufacturers must sign an agreement with CMS to provide that discount in order to remain eligible to offer drugs through the Medicare Part D drug program.

Finally, the CMS is also giving $250 checks to beneficiaries who hit the doughnut hole this year.
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