Medicare Beneficiaries in Donut Hole Will See 50-Percent Discount on Brand Name Drugs in 2011

Washington, D.C.–(ENEWSPF)–September 23, 2010.  Vice President Joe Biden, the U.S. Department of Health and Human Services and the Centers for Medicare & Medicaid Services (CMS) today announced that the nation’s pharmaceutical manufacturers will provide 50 percent discounts on the cost of covered brand-name prescription drugs for beneficiaries in the Medicare Part D coverage gap, or donut hole, starting in 2011.