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IPFS News Link • Economy - Economics USA

Democrats vow to close Medicare 'doughnut hole'

• AP
 It's an annual ordeal for many seniors living on a budget.

Medicare's coverage gap for prescription drugs _ $3,610 next year _ has steadily gotten bigger since the benefit's inception. But if Democrats have their way on health care overhaul, the dreaded "doughnut hole" will shrink by $500 right away and go away altogether by 2019.