CMS: One million Americans have saved an average $629 this year thanks to health care reform
The Centers for Medicare & Medicaid Services (CMS) released data Wednesday crediting the Affordable Care Act with saving over 5.2 million seniors and people with disabilities $3.9 billion on prescription drugs this year.
The US federal agency also released information showing that over 1 million people with Medicare saved an average of $629 this year on prescription drugs in the so-called “donut hole” coverage gap.
“Millions of people with Medicare have been paying less for prescription drugs thanks to the health care law,” said CMS Acting Administrator Marilyn Tavenner. “Seniors and people with disabilities have already saved close to $4 billion. In 2020, the donut hole will be closed thanks to the Affordable Care Act.”
Last year, Medicare beneficiaries received more than $2.1 billion in savings from the 50% discount on brand-name drugs in the donut hole, according to the Secretary of Health and Human Services.
In June, the U.S. Supreme Court upheld the constitutionality of the health care law.