Friday, March 23, 2012

Over 5 Million People on Medicare Saved $3.2 Billion on Drugs in Two Years of 'Obamacare'

Aha, maybe this explains a comment from a person I didn't know, on Facebook. He claimed his medical expenses had increased under the new health care law. I wondered if it might have been due to the price manipulation that drug companies have been doing. Now I wonder if it was an attempt to get his claim in people's minds before they saw this information. I have seen it happen often. Once most people have a belief, it is very resistant to change. Conservative leaders know this, and use it for the purpose of propagating lies.

http://www.seniorjournal.com/NEWS/Medicare/2012/20120320-Over_5_Million.htm

March 20, 2012 - As the second anniversary of the Affordable Care Act approaches, new data shows that more than 5.1 million seniors and people with disabilities on Medicare saved over $3.2 billion on prescription drugs because of the new health care law, Kathleen Sebelius, Secretary of the U.S. Department of Health and Human Services (HHS), announced yesterday while at the St. Louis Community College at Forest Park.

For St. Louis resident Fritzi Lainoff and her husband, the discounts meant $2,500 back in their pockets last year. “It was a blessing,” she said. “The law’s Medicare savings have made an enormous difference.”

Savings for senior citizens include a one-time $250 rebate check to seniors who hit the “donut hole” coverage gap in 2010 and a 50 percent discount on covered brand-name drugs in the donut hole in 2011.

In addition, data released today by the Centers for Medicare & Medicaid Services (CMS) show that through the first two months of 2012, about 103,000 seniors and people with disabilities saved $93 million in the donut hole.

“Without the health care law, more than 5.1 million seniors would have faced $3.2 billion in higher drug costs,” Secretary Sebelius said. “As we move forward, seniors will save even more as the new law completely eliminates the Medicare donut hole, delivering more relief to Americans like the Lainoff’s.”


[...]

..

No comments:

Post a Comment