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Title: CMS: Obama Health Law Has Saved Seniors $3.4 Billion On Prescription Drugs
Source:
THE HILL
URL Source: http://thehill.com/blogs/healthwatc ... -billion-on-prescription-drugs
Published: Apr 30, 2012
Author: Sam Baker
Post Date: 2012-04-30 16:35:06 by Brian S
Keywords: None
Views: 640
Comments: 1
04/30/12 10:04 AM ET Seniors have saved $3.4 billion on prescription drugs because of President Obama’s healthcare law, the Medicare agency said Monday. The Centers for Medicare and Medicaid Services (CMS) said seniors saved an average of $837 in the first three months of this year. CMS said more than 5 million seniors have benefited from the law’s drug discounts — a provision that Democrats often highlight as they try to build public support for a law that remains stuck at about 50 percent approval. The Affordable Care Act seeks to close the so-called Medicare “doughnut hole” — a coverage gap in which seniors traditionally had to cover all of their prescription drug costs. Under the new law, seniors who reach the doughnut hole now receive a 50 percent discount on brand-name drugs and a 7 percent discount on generics. The discounts were part of an agreement between Democrats and the pharmaceutical industry, which agreed to accept lower prices and also pay a modest excise tax. In addition to the discounts, CMS said, seniors in the doughnut hole are saving money by using more generic drugs.
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#1. To: Brian S (#0)
LOL. Putz.
Sig of LoonyMing: Anyone claiming to be an expert is selling something. I brandish my ignorance like a crucifix at vampires. Aaron Bady Translation: WAR IS PEACE, FREEDOM IS SLAVERY, and IGNORANCE IS STRENGTH LoonyMing, you are one sick bitch.
The economy is wonderful!
Re-elect Obama, he'll pay your rent!
A chicken in every pot!
-- Baghdad Bri-bri --
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