Seniors Saved Money on Prescription Drugs in 2011

As reported in today’s Los Angeles Times, the Department of Health and Human Services has announced that 3.6 million people in the Medicare program saved $2.1 billion on prescription drugs in 2011. This is the result of both enhanced use of generic drugs and the closing of the Medicare Part D “donut hole,” which is one of the few aspects of the Affordable Care Act that went into effect before 2014.  Assuming the law is allowed to stand, the savings will continue to increase, as the payment gap diminishes each year before closing entirely in 2014. 

Medicare coverage for pharmaceuticals under Part D (including the “donut hole”) was originally created under President George W. Bush.

Source/more: Los Angeles Times

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