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Obamacare Has Saved Seniors $4 Billion On Prescription Drugs

By Guest Contributor  

"Obamacare Has Saved Seniors $4 Billion On Prescription Drugs"

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The Centers for Medicare And Medicaid Services (CMS) released data showing that over 5.2 million seniors and people with disabilities have already saved nearly $4 billion on prescription drugs as a direct result of the Affordable Care Act. The CMS data also showed that over 1 million people with Medicare saved an average of $629 on prescriptions in the “donut hole” coverage gap since the beginning of the year. So far in 2012, Medicare coverage for generic drugs in the coverage gap has risen to 14 percent, saving Medicare beneficiaries a total of $687 million. Over the next few years, the government will cover more and more of brand-name and generic drugs until the donut hole is closed in 2020.

Steven Perlberg

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