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Monday, June 22, 2009

Obama Administration Can't Explain Savings

The Obama White House cannot explain more than half of today's announced $80 billion in prescription drug savings.

A senior official said the White House estimates $30 billion in savings will be achieved through drug companies reducing by at least 50 percent the cost of brand-name prescription drugs for Medicare beneficiaries who fall into the so-called coverage "donut hole."

The other $50 billion in savings will come from unspecified and unknown changes to drug costs linked to Medicare and Medicaid.

The $80 billion in savings is a 10-year estimate. - FOX News Story

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