UNDATED (AP) - Medicare's prescription drug plan is a success -- sort of. A new Kaiser Family Foundation study shows Medicare Part D has largely met its main goal of making livesaving medicines more affordable to seniors.
The percentage of those covered for prescription coverage has jumped from about two-thirds before Part D to some 90 percent today.
But, some 4.5 million Medicare beneficiaries still lack drug coverage today, the same as in 2006 -- made worse by those who opt out because of good health or because they're unaware of the program.
And then, there's the doughnut hole. It's the $1,650 no man's land in the program that requires seniors to pay 100 percent of their prescription costs when they reach the limit of $2,700 annually. Then, when they reach $4,350 in drug spending, total coverage resumes.