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Health Care Reform Impact On Seniors

CPA Tom Walpole discussed the health care reform impact on seniors Monday on News 8 at Sunrise.
CPA Tom Walpole discussed the health care reform impact on seniors Monday on News 8 at Sunrise.

Walpole said the reforms are aimed at making sure Medicare does not run out of money.  Spending cuts will be blended with added benefits.

Among the new benefits will be a free wellness exam that screens for diabetes, high blood pressure and some cancers.

The Medicare Part D drug program will experiences some changes.  Walpole said the "donut hole" in which seniors are forced to pay the full amount for prescriptions after a certain dollar figure is reached and up to a second dollar amount will be adjusted.  A reduction in co-payments for brand name drugs will be phased in and by 2020 the out-of-pocket expense should decrease from 100 percent to 25 percent.

For more of our conversation, click the video link.
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