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My legislation would make the Medicare prescription drug benefit comprehensive. After an annual $250 deductible is met, there would be no limits or caps on the benefit, and no gaps in
coverage. Medicare's contribution would increase as beneficiary out-of-pocket costs increase. The beneficiary would pay:
- Half of the cost of each prescription above the deductible, up to $3,500;
- 25 percent of the cost of each prescription above $3,500 up to $4,000; and
- Nothing after paying $4,000 out-of-pocket..
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