Archive for February 4th, 2012

February 4, 2012

The Daily Scoop: Seniors Saving On Rx Drugs As A Result Of Health Reform

The Affordable Care Act has produced $2.1 billion in prescription drug savings for nearly 4 million seniors and people with disabilities who were enrolled in Medicare Part D in 2011, a new Obama administration report finds. The savings are the result of a provision in the health care law that provides a 50 percent discount for brand-name drugs and 14 percent discount for generic brands to Medicare beneficiaries in the so-called “doughnut hole.”  Seniors can expect greater savings as the law completely closes the coverage gap over time.
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