June 10th, 2010

President Obama spoke in Wheaton, Md on June 8th in an effort to explain the new healtchare legislation’s effect on Medicare; however, the meeting was also broadcast live in Philadelphia so seniors in the area could understand the effect as well. He took questions from many concerned citizens, specifically concerning the “doughnut hole” in Medicare concerning drug coverage which causes senior citizens to pay 100% of their medicinal costs after exceeding their spending limit.

The new healthcare legislation seeks to amend this problem by first issuing $250 checks to affected seniors. Starting next year, seniors will receive a 50% discount on medicine, and by 2020, this discount will reach 75%.

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