Report: Seniors Saw Big Savings On Prescription Drugs Under Health Care Law

Since the Affordable Care Act (ACA) was enacted three years ago this week, Connecticut seniors have saved a total of $84 million on prescription drugs, U.S. Health and Human Services Secretary Kathleen Sebelius announced Thursday. Connecticut Medicare recipients have saved an average of $1,174, according to the HHS’ press release. Nationally, HHS said the savings have hit more than $6 billion for 6.3 million people with Medicare since the ACA became law on March 23, 2010. Advocates say the health care law is making Part D prescription drug coverage more affordable by gradually closing what is known as the “donut hole.”  This is the gap in coverage where beneficiaries were paying the full cost of prescriptions out of pocket while also paying premiums.

Frances G. Padilla, president of the Universal Health Care Foundation, said the announcement was good news. “This is one of the real advantages of the Affordable Care Act,’’ she said.