Medicare beneficiaries have saved a total of about $4.5 billion on prescription medications because of the 2010 health care law since January 2011, the Department of Health and Human Services plans to announce today.
We're seeing consistent, steady savings for seniors thanks to the health care law," said Jon Blum, director of the Center for Medicare. "In just 21/2 half years, seniors have seen billions in savings, and those savings will continue to grow as the doughnut hole is fully closed."
The announcement comes two days after the Congressional Budget Office found that about 2 million more people than expected would be paying an average $1,200 penalty for not purchasing insurance as required by the law beginning in 2014. In a statement, HHS spokeswoman Erin Shields Britt said that the CBO found 98% of Americans would not be affected by the penalty. "This update doesn't change the basic fact that the individual responsibility policy will only affect people who can afford health care but choose not to buy it," Britt said. The law provides subsidies to people who fall below 400% of the poverty line.
Compared to last year, more patients have saved more money this year, Blum said. Through August 2012, beneficiaries have saved an average of $641.
"This could mean that more people are taking their medication as directed by their doctor on their prescriptions because they're more affordable," Blum said.
http://www.usatoday.com/news/nation/story/2012-09-21/medicare-drug-savings/57815820/1?csp=YahooModule_News
To confirm what this says I have proof my mom who was supposed to be meds didn’t take them for several years because of the price, now she takes them because she can afford them.