SeniorJournal.com - Daily News for Senior Citizens

  FRONT PAGE • Aging • Health • Alzheimer's - Mental • Nutrition • Medicare & Medicaid • Politics  • Fitness  • Social Security • Alerts • Sex Health • Features • Retirement • Elder Care  >Search  >Senior Links

[NavBar.htm]

Senior Journal: Today's News and Information for Senior Citizens & Baby Boomers

More Senior Citizen News and Information Than Any Other Source - SeniorJournal.com

• Go to more on Medicare or Medicare Drug Program More Senior News at SeniorJournal.com on the Front Page

 
 
Follow on  and 

E-mail this page to a friend!

Medicare News

Obamacare Saves Seniors, Disabled $3.9 Billion on Prescription Drugs

First half of 2012 a million Medicare beneficiaries have saved average of $629 under Affordable Care Act

July 30, 2012 – Many of the senior citizens who feel compelled to oppose Obamacare – the Affordable Care Act – may want to take a careful look at the massive savings on prescription drugs that seniors are gaining from the bill. More than 5.2 million in Medicare have saved over $3.9 billion on prescription drugs since the healthcare reform bill was enacted.

The Centers for Medicare & Medicaid Services (CMS) also released data last week showing that in the first half of 2012, over 1 million people with Medicare saved a total of $687 million on prescription drugs in “donut hole” coverage gap for an average of $629 in savings this year.

 

Related Archive Stories

 
 

More Evidence Senior Citizens in Donut Hole Cut Back on Prescribed Drugs

Medicare depression patients take considerable risk in skipping drugs; many cut back on other critical medicine, too; Obamacare could help - July 2, 2012


 
 

Read the latest news
> Medicare
> Senior Politics
>
Today's Headlines

> Medicare Drug Program prior to 2009

 

“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.”

These savings are automatically applied to prescription drugs that people with Medicare purchase, after they hit the Medicare Part D prescription drug coverage gap or “donut hole.” Since the law was enacted, seniors and people with disabilities have had several opportunities to save on prescription drugs:

In 2010, people with Medicare who hit the donut hole received a one-time $250 rebate. These rebates totaled $946 million for 2010;

In 2011, people with Medicare began receiving a 50 percent discount on covered brand name drugs and 7 percent coverage of generic drugs in the donut hole. Last year, these discounts totaled over $2.3 billion in savings;

This year, Medicare coverage for generic drugs in the coverage gap has risen to 14 percent. For the first six months of the year, people with Medicare have saved $687 million.

Coverage for both brand name and generic drugs in the gap will continue to increase over time until 2020, when the coverage gap will be closed.

For more information on how the Affordable Care Act closes the Medicare drug benefit coverage gap “donut hole,” click here.

For State-by-State information on the amount of savings people with Medicare have received in the donut hole, click here.

 

Financial Relief for Volkswagen Diesel Owners

You may be eligible for money damages if you owned or leased one of these VW, Porsche or Audi vehicles.

In the major scandal of 2015, Volkswagen cheated you and the world. They rigged diesel emission controls so you, nor regulators, would know how much pollution their cars were adding to our environment.

They were caught and have reserved $7.3 billion to help "make it right" with victims.

If you owned or leased one of these vehicles, contact us now.

 Beth Janicek, Board Certified Personal Injury Attorney Janicek Law attorneys are actively pursuing these cases against VW. Do Not Wait...

Janicek Law Firm, PC

Free Consultation

(Call toll free)

1-877-795-3425 or Email

Vehicles Involved

VW Jetta (2009–2015)

VW Jetta SportWagen (2009–2014)

VW Golf (2010-2015)

VW Golf SportWagen (2015)

VW Beetle (2012–2015)

VW Passat (2012-2015)

Audi A3 (2010-2015)

VW Touareg (2009–2016)

Porsche Cayenne (2015)

Audi A6, A7, A8, Q5 Quattro (2016)

 

Search for more about this topic on SeniorJournal.com

Google Web SeniorJournal.com

Keep up with the latest news for senior citizens, baby boomers

Click to More Senior News on the Front Page

Copyright: SeniorJournal.com

    

 

Published by New Tech Media - www.NewTechMedia.com

Other New Tech Media sites include CaroleSutherland.com, BethJanicek.com, SASeniors.com, DrugDanger.com, etc.