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Medicare: * Closes the Medicare prescription drug "donut hole" by 2020. Seniors who hit the donut hole by 2010 will receive a $250 rebate. * Beginning in 2011, seniors in the gap will receive a 50 percent discount on brand name drugs. The bill also includes $500 billion in Medicare cuts over the next decade. Medicaid: * Expands Medicaid to include 133 percent of federal poverty level which is $29,327 for a family of four. * Requires states to expand Medicaid to include childless adults starting in 2014. * Federal Government pays 100 percent of costs for covering newly eligible individuals through 2016. * Illegal immigrants are not eligible for Medicaid. |
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