Affordable Care Act Saves Seniors $3,500 on Average, under Medicare

A new study has found that the Affordable Care Act saves seniors, on average $3,500 per person under Medicare.  Highlights of the findings include:  Lower prescription drug costs, reduced waste, fraud, and abuse, and improvements to care quality and increased system-wide efficiency will reduce costs in traditional Medicare

A new analysis issued today by the U.S. Department of Health and Human Services estimates that under the Affordable Care Act, average savings for those enrolled in traditional Medicare will amount to more than $3,500 over the next 10 years.  Savings will be even higher – as much as $12,300 over the next 10 years – for seniors and people with disabilities who have high prescription drug costs.

“The Affordable Care Act makes Medicare stronger and reduces the burden of health care costs on some of our most vulnerable citizens,” said Secretary Kathleen Sebelius.  “The law improves benefits for seniors and people with beneficiaries who rely on Medicare and ensures that Medicare will be there for current and future generations by extending the life of the Medicare Trust Fund.  These benefits and savings are only possible with the continued implementation of the Affordable Care Act.” …

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