On eve of Medicare anniversary, over 6.6 million seniors save over $7 billion on drugs

HHS: July 29, 2013

On eve of Medicare anniversary, new information shows a thriving program

On the eve of the 48th anniversary of the signing of Medicare and Medicaid into law, new information released today by the Department of Health and Human Services (HHS) shows a strong Medicare program. Over 6.6 million people with Medicare have saved over $7 billion on prescription drugs as a result of the Affordable Care Act. These savings average $1,061 per beneficiary in drug costs while a beneficiary is in the “donut hole” coverage gap that the law closes over time.

In addition, 16.5 million people with traditional Medicare took advantage of at least one free preventive service in the first six months of 2013. Read more