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CMS: Health law has saved seniors $3.4 billion on prescription drugs

The Affordable Care Act seeks to close the so-called Medicare “doughnut hole” — a coverage gap in which seniors traditionally had to cover all of their prescription drug costs. Under the new law, seniors who reach the doughnut hole now receive a 50 percent discount on brand-name drugs and a 7 percent discount on generics.

The Affordable Care Act seeks to close the so-called Medicare “doughnut hole” — a coverage gap in which seniors traditionally had to cover all of their prescription drug costs. Under the new law, seniors who reach the doughnut hole now receive a 50 percent discount on brand-name drugs and a 7 percent discount on generics.