Jeffords DrugGap Plan Extends Discounts To Out-Of-Pocket Purchases
Sen. Jeffords' (R-Vt.) "DrugGap" program would require benefit providers to offer their lowest discounted price for prescription drugs to Medicare beneficiaries for out-of-pocket purchases as well as insurance-covered prescriptions.
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Sen. Jeffords' (R-Vt.) "DrugGap Insurance for Seniors Act" includes a "grandfather" clause to allow current medigap enrollees to keep their existing benefits.
Newly released Medicare Part D data sheds light on the sales hit that branded pharmaceutical manufacturers will face when the coverage gap discount program gets under way in 2011