People with Medicare save $4.8 billion on prescription drugs because of the health care law

HHS.gov: 10/25/12

Over 20.7 million with Medicare also receive free preventive services in the first nine months of 2012  

As a result of the Affordable Care Act, 5.6 million seniors and people with disabilities have saved $4.8 billion on prescription drugs since the law was enacted, Health and Human Services (HHS) Secretary Kathleen Sebelius announced today.  This year alone, 2.3 million people in the Medicare prescription drug coverage gap known as the “donut hole” have saved an average of $657.  During the first nine months of 2012, over 20.7 million people with original Medicare got at least one preventive service at no cost to them.

This news comes after last month’s estimates that the health care law will save the typical person with original Medicare $5,000 from 2010 to 2022.

“I am pleased that the health care law is helping so many seniors save money on their prescription drug costs,” Secretary Sebelius said. “Medicare is stronger thanks to the health care law, offering new benefits at no cost to seniors.” Read more