Under Obama's Health Care Law, Those on Medicare Have Saved $4.1 Billion in Prescription Costs + Recd Free Preventive Care, Medicare Announces

Patient Protection & Affordable Care Act Has Saved Those on Medicare $4.1 Billion on Prescription Drugs, In addition to Free Preventive Health Care Services, CMS AnnouncedThe Centers for Medicare and Medicaid Services (CMS) issued a press release yesterday announcing that because of the Patient Protection & Affordable Care Act (President Obama’s signature health care law), nearly 5.4 million seniors and people with disabilities who are on Medicare have saved over $4.1 Billion on prescription drugs since the law’s passage in 2010.

In addition, during the first seven months of 2012 alone, some 18 million people on Medicare have received free preventive health care services under the law.

“Medicare is stronger thanks to the health care law, saving people money and offering new benefits at no cost to seniors,” said Secretary of Health & Human Services, Kathleen Sebelius. “The health care law has saved people with Medicare over $4.1 billion on prescription drugs, and given millions access to cancer screenings, mammograms and other preventive services for free,” she said.

Following is the news release issued by the Centers for Medicare and Medicaid Services (CMS) on Monday, August 20, 2012:

PEOPLE WITH MEDICARE SAVE OVER $4.1 BILLION ON PRESCRIPTION DRUGS THANKS TO THE HEALTH CARE LAW

18 million with Medicare also receive free preventive services in the first seven months of 2012

As a result of the Affordable Care Act – the health care law enacted in 2010 – nearly 5.4 million seniors and people with disabilities have saved over $4.1 billion on prescription drugs since the law was enacted, Health and Human Services (HHS) Secretary Kathleen Sebelius announced today. Seniors in the Medicare prescription drug coverage gap known as the “donut hole” have saved an average of $768.

In addition, during the first seven months of 2012, the new health care law has helped nearly 18 million people with original Medicare get at least one preventive service at no cost to them.

“The health care law has saved people with Medicare over $4.1 billion on prescription drugs, and given millions access to cancer screenings, mammograms and other preventive services for free,” said Secretary Sebelius. “Medicare is stronger thanks to the health care law, saving people money and offering new benefits at no cost to seniors.”

The health care law includes benefits to make Medicare prescription drug coverage more affordable. In 2010, anyone with Medicare who hit the prescription drug donut hole received a $250 rebate. In 2011, people with Medicare who hit the donut hole began receiving a 50% discount on covered brand-name drugs and a discount on generic drugs. These discounts and Medicare coverage gradually increase until 2020 when the donut hole is closed.

The health care law also makes it easier for people with Medicare to stay healthy. Prior to 2011, people with Medicare had to pay extra for many preventive health services. These costs made it difficult for people to get the health care they needed. For example, before the health care law passed, a person with Medicare could pay as much as $160 for a colorectal cancer screening. Thanks to the Affordable Care Act, many preventive services are offered free of charge to beneficiaries, with no deductible or co-pay, so that cost is no longer a barrier for seniors who want to stay healthy and treat problems early.

In 2012 alone, 18 million people with traditional Medicare have received at least one preventive service at no cost to them. This includes 1.65 million who have taken advantage of the Annual Wellness Visit provided by the Affordable Care Act – over 500,000 more than had used this service by this point in the year in 2011. In 2011, an estimated 32.5 million people with traditional Medicare or Medicare Advantage received one or more preventive benefits free of charge.

For state-by-state information on savings in the donut hole, please visit: http://www.cms.gov/apps/files/donut-hole-data-chart.pdf

For state-by-state information on utilization of free preventive services, please visit: http://www.cms.gov/apps/files/preventive-data-chart-first-seven-months-2012.pdf

More Information

See related HelpingYouCare™ reports on:

People on Medicare Can Now Get Information from Pharmacies about New Benefits Available to Them under Affordable Care Act, HHS Announces

No Increase in Medicare Prescription Drug Premium for 2013 – Third Straight Year of No Increase – HHS Announces

8 New Free Preventive Health Services for Women Take Effect August 1, 2012 under Health Care Law

People on Medicare Report Significantly Better Coverage than Those with Private Health Insurance, Study Finds

President Obama Lays Out Contents of Health Care Law

Ryan-Romney Budget Proposals Would End Medicare as We Know It & Cut or Eliminate Programs for Poor, Elderly & Vulnerable

For more news and information about the Patient Protection & Affordable Care Act, President Obama’s signature Health Care Law, and about health care reform, see the HelpingYouCare™ resource pages on VoicesForCare™, including:

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Copyright © 2012 Care-Help LLC, publisher of HelpingYouCare™. All rights reserved.

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