February 27, 2015
The Affordable Care Act has Reduced Prescription Drug Costs by Over $15 Billion
The Affordable Care Act has enabled seniors to save over $15 billion on prescription drug costs since President Obama signed the bill in 2010. On average, this means that seniors have saved roughly $1,600 per person on their medications. The Affordable Care Act fills the “doughnut hole” – a gap in prescription drug coverage that many seniors face – through rebates and discounts for what Medicare will not cover.
“Increasingly, we are seeing evidence of what we knew since the beginning: that the Affordable Care Act saves seniors billions of dollars on their prescriptions,” said Ms. Easterling. Read more from The Hill at http://tinyurl.com/lb4ryvn.
In a statement to the press, Sylvia Mathews Burwell, Secretary of the U.S. Department of Health and Human Services, also noted that 40 million people have taken advantage of Medicare’s free preventive health care services, which will save the federal government and seniors billions of dollars over the next several decades while ensuring that Americans live longer and healthier lives.