People with Medicare save $5 billion on Prescription Drugs Because of Health Care Law
Health and Human Services Secretary Kathleen Sebelius announced today that savings on prescription drugs made possible by the Affordable Care Act reached $5.1 billion. More than 5.8 million people with Medicare have benefited from the assistance the health care law provides with the Medicare prescription drug coverage gap known as the donut hole. In the first 10 months of 2012 alone, almost 2.8 million individuals have saved an average of $677 on prescription drugs. During the same period, about 23.4 million people with original Medicare received one or more preventive services at no cost to them, with 2.5 million having received an Annual Wellness Visit.
Open Enrollment Period Ends Dec. 7. During Medicare's annual open enrollment period, people with Medicare should compare costs, benefits and quality of Medicare health and drug plans to find the best value for 2013. People with Medicare should regularly examine their health care choices because individuals' unique health needs as well as their health or prescription drug plan can change from year to year. Those who make their coverage elections by Dec. 7, 2012, will ensure new coverage can begin without interruption on Jan. 1, 2013.