2011: Incredible shrinking doughnut hole (and more)
December 31st, 2010
05:05 PM ET
4 years ago

2011: Incredible shrinking doughnut hole (and more)

(CNN) Along with noisemakers, hangovers and second-tier bowl games, the new year rolls in changes to health insurance rules that stand to save Americans – especially those over age 65 – a lot of money in 2011. The Affordable Care Act (ACA) – “Obamacare,” to critics – was signed into law in March but was built to take effect in stages. Several key provisions take effect on Saturday.

The most prominent change will shrink the so-called “doughnut hole.” Up to now, seniors hit the doughnut hole once they and their insurer have purchased $2,800 worth of medications. The next chunk – up to a $4,550 out-of-pocket maximum – cannot be reimbursed by insurance. Under the ACA, the gap will be closed in increments over the next 10 years. It starts Saturday; in 2011 Medicare will pick up half the cost of brand-name medications for patients in the dreaded doughnut hole.

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Filed under: Medicare
soundoff (8 Responses)
  1. Lost in Texas FOREVER

    don't get too excited because the GOP will take that away too if they can. There is NOTHING good about this bill remember.

    December 31, 2010 05:46 pm at 5:46 pm |
  2. Wire Palladin, S. F.

    Helping people over 65 is just unAmerican if you are a republican. Too bad that the white haired baggers did not know it was the republicans in congress who held up a $250 payment to those on social security. Other than $4 a gallon for gas, unnecessary unfunded wars, runaway national debt, and tax cuts for the wealthiest, what are republicans good for?

    December 31, 2010 05:49 pm at 5:49 pm |
  3. Wire Palladin, S. F.

    And the worthless bought and paid for corporate shill republicans in congress want to do away with any help for the elderly. Repeal the republican party, or send them to another country so they can destroy it.

    December 31, 2010 05:51 pm at 5:51 pm |
  4. Wire Palladin, S. F.

    Thank you President Obama and democrats for health reform.

    December 31, 2010 05:52 pm at 5:52 pm |
  5. Wire Palladin, S. F.

    In other news, Californian Connie Mack and his wife, California representative Mary Bono were in Southwest Florida trying to get some money for Connie's run for Florida senate. It is unusual to see the FL rep. here more than once every two years. It is rumored that he is talking to the billionaires whose car dealerships were bailed out with the stimulus 'cash for clunkers,' and to real estate developers who were helped unload overpriced homes by the homebuyers incentive in the stimulus.

    December 31, 2010 06:04 pm at 6:04 pm |
  6. Kenneth Close

    Interesting since this is a Global Repositioning of markets: Guess the Republicans control the world?

    December 31, 2010 06:33 pm at 6:33 pm |
  7. Proud member of "Global Zero"

    If anyone touches this...it will be their career. We need to take care of all of our people as this bill will do. I will fight with my rep to keep this bill intact. It will only get better if we elect more caring people to represent us. The next two years are going to be hell. For those who voted in my state to elect a crook for a Governor and a liar and a crook as our Senator....I feel sorry for the whole country. Way to go Florida....just wait....I am outta here

    December 31, 2010 06:34 pm at 6:34 pm |
  8. Kenneth Close

    By the way prescription (Part D) drugs was passed under a republican President. Also there are numerous carryovers to Obama from Bush that Obama Kept!

    December 31, 2010 06:39 pm at 6:39 pm |