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Medicare drug costs debated.

Europe Intelligence Wire

| September 22, 2006 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From AFX Europe (Focus))

WASHINGTON (AFX) - Filling the doughnut hole in Medicare drug plans would cost older people and the disabled about $40 a month more.

Democratic lawmakers estimated the additional cost and said Thursday that is a major reason why 88 percent of the Medicare beneficiaries signing up for drug plans opted for a coverage gap.

Democrats designated Friday as "doughnut hole day," when the coverage gap would hit the average older person who is taking several medications.

"This gap in coverage doesn't have to exist. This was a conscious choice, based on a value system, that put drug companies ahead of our seniors and people …

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