Medicare drug costs to fall in 2014, but donut hole widens

Reuters: February 21, 2013

There will be good and bad news next year for seniors using Medicare’s prescription drug program.

Overall, enrollees can expect a year of flat or decreasing Medicare prescription drug costs, according to data released last week by the federal government. The government said Medicare’s per-beneficiary drug costs fell 4 percent last year. As a result, some of the most important numbers in the program’s 2014 Part D will drop by roughly the same amounts. Read more