MSA News - HHS Reports Lower Costs for Prescription Drugs
The Department of Health and Human Services (HHS) reports 7.9 million people with Medicare have saved over $9.9 billion on prescription drugs.
On March 21, 2014, the Department of Health and Human Services (HHS) reported that millions of seniors and people with disabilities with Medicare continue to pay lower costs on prescription drugs and improved benefits in 2013 due to the new health care law. Since enactment of the Affordable Care Act, 7.9 million seniors and people with disabilities have saved $9.9 billion on prescription drugs, or an average of $1,265 per beneficiary. In 2013 alone, 4.3 million seniors and people with disabilities saved $3.9 billion, or an average of $911 per beneficiary. These figures are higher than in 2012, when 3.5 million beneficiaries saved $2.5 billion, for an average of $706 per beneficiary. For more information from CMS, please click here.