Medicare prescription premiums unchanged for 2012
(AP) -- The Obama administration says it has good news for seniors: The average monthly premium for Medicare's popular prescription plan won't go up next year.
Medicare will share in the bonanza as a number of top-selling brand name drugs get generic competition.
Health and Human Services Secretary Kathleen Sebelius announced Thursday that the average premium for prescription coverage will be about $30 a month in 2012, hardly changed from $30.76 this year.
Since that's an average, some seniors may see an increase. But plenty of bargains should be available if they shop around during open enrollment season this fall.
©2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.