The administration announces that almost 2.8 million people have saved an average $677, because the law is closing the prescription drug doughnut hole.
USA Today: Medicare Beneficiaries Reach $5 Billion In Drug Savings
Since passage of the health care overhaul two years ago, 5.8 million Medicare patients have saved $5 billion from prescription drug discounts, and the government can now predict lower health care costs based on increased use of these cheaper drugs (Kennedy, 12/3).
The Hill: HHS: Obama Health Law Saved Seniors $5B On Prescription Drug Costs
The Obama administration on Monday touted the healthcare law for saving people on Medicare $5.1 billion on prescription drugs. The Health and Human Services (HHS) Department said almost 2.8 million people have saved an average of $677 on their medications so far this year. The release coincided with the final week of Medicare Open Enrollment -; a period that ends Friday (Viebeck, 12/3).
Meanwhile, the nonpartisan CBO has released a study looking at the link between prescription costs and other medical services.