Seniors Saved $2.16 Billion On Prescriptions Last Year

The Department of Health and Human Services will announce today that nearly 4 million seniors saved $2.16 billion on prescription medications last year thanks to the health care law. Under the law, prescription medication in the so-called “doughnut hole,” or the gap area between traditional and catastrophic coverage levels, must be discounted by 50% until 2020, when the ACA will close the gap completely. According to government statistics, seniors saved $319 million on blood sugar medication and $280 million on cholesterol drugs.

Zachary Bernstein