Many seniors pay much more for prescription drugs thanMedicare Part D’s $4,700 catastrophiccoverage threshold might suggest.

A new study by the Kaiser Family Foundation finds that manyseniors who take expensive drugs for arthritis, hepatitis C,multiple sclerosis and cancer will spend between $4,000 and $12,000in 2016 just to take one drug.

Why? Well, the drugs are extremely expensive. So expensive thatMedicare beneficiaries who depend on them are footing five-figurebills even though they are only picking up 5 percent of thetab.

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