Over 5.2 Million People with Medicare Save $3.7 Billion on Prescription Drugs Thanks to the Affordable Care Act
June 26, 2012
By Autism Society
As a result of the Affordable Care Act, more than 5,254,000 seniors and people with disabilities have saved a total of $3.7 billion on prescription drugs since the law was enacted. The Centers for Medicare & Medicaid Services (CMS) also released data today showing that in the first five months of 2012, 745,000 people with Medicare saved a total of $485.3 million on prescription drugs in “donut hole” coverage gap for an average of $651 in savings this year.
“Thanks to the health care law, millions of people with Medicare have been paying less for prescription drugs,” said CMS Acting Administrator Marilyn Tavenner. “The law is helping people with Medicare lower their medical costs, and giving them more resources to stay healthy. By 2020, the donut hole will be fully closed thanks to the Affordable Care Act.”
These savings are automatically applied to prescription drugs that people with Medicare purchase, after they hit the Medicare Part D prescription drug coverage gap or “donut hole.”
People with Medicare who hit the donut hole in 2010 received a one-time $250 rebate. In 2011, people with Medicare began receiving a 50 percent discount on covered brand name drugs and 7 percent coverage of generic drugs in the donut hole.
This year, Medicare coverage for generic drugs in the coverage gap has risen to 14 percent. Coverage for both brand name and generic drugs in the gap will continue to increase over time until 2020, when the coverage gap will no longer exist.
For more information on how the Affordable Care Act closes the Medicare drug benefit coverage gap “donut hole,” please visit: http://www.healthcare.gov/law/features/65-older/drug-discounts/index.html
For State-by-State information on the amount of savings people with Medicare have received in the donut hole, please visit: https://www.cms.gov/Plan-Payment
April 10, 2013
The Autism Society, the nation’s largest and oldest grassroots autism organization, has chosen Pittsburgh as the host city of its 44th annual conference on autism spectrum disorders.
April 5, 2013
Individuals with autism can attend the Autism Society National Conference and Exposition (in Pittsburgh) for FREE this year! Learn more: www.autism-society.org/conference.
April 3, 2013
Monarch Teaching Technologies, the makers of VizZle®, web-based educational software for visual learners with autism, will give one-year of free VizZle to every new (or renewing) Champion Member during April.
April 2, 2013
Read the Autism Society’s digital magazine about autism spectrum disorders!
April 2, 2013
Today, throughout the world, individuals will come together highlighting the needs and dreams of people living with autism.