Medicare Part D Generates Billions in Taxpayer Savings

Medicare‘s prescription drug benefit saves taxpayers billions of dollars by dramatically reducing hospital admissions, a new study shows. Researchers at the Johns Hopkins Bloomberg School of Public Health and the University of Illinois at Chicago estimated the total savings at $1.5 billion a year – about 2.2 percent of the total $67.7 billion cost of Medicare Part D in 2011. “Medicare Part D requires a substantial investment from the federal government, and the million-dollar question has been, ‘Does this investment …

Helping Youth Get Health Coverage

AARP is pleased to promote National Youth Enrollment Day, which will take place on Saturday, Feb. 15. Dozens of events across the country will be held to educate and enroll young adults in health coverage under the Affordable Care Act (ACA). All generations need to work together to solve problems that affect us, no matter our age.  In the real world – away from Washington politics – families prosper and struggle together so that all generations can be more secure. …

Millions Save on Prescriptions and Get No-Cost Preventive Services

Nearly seven million seniors and people with disabilities on Medicare have saved $9 billion to date on their prescription drugs thanks to the Affordable Care Act, according to new data released today by the Centers for Medicare & Medicaid Services. That’s an average savings of about $1,200 per person since the health care law started closing the “doughnut hole.” Over time, the law will eliminate the doughnut hole – the gap in Medicare Part D prescription drug coverage where enrollees …

You May Know More About Obamacare Than You Think

Who’s best informed about Obamacare? Older Americans, a new Gallup poll shows, at least according to them. Some three of every four Americans 50 or older say they are familiar with the Affordable Care Act. That may not be too surprising, because the new health care law offers older adults who are not yet eligible for Medicare some important new benefits and protections. Before the ACA, for example, insurance companies could deny coverage or charge sky-high rates to older applicants, …

Support for Obamacare Inches Upward

The Affordable Care Act has taken it on the chin recently, from its controversial role in the recent government shutdown to the website meltdown that came as the long-awaited health insurance marketplace opened on Oct. 1. Nonetheless, a new Gallup poll shows that public support for the law seems to be inching upward. Sign up for the AARP Health Newsletter. Obamacare still has its share of critics. The Gallup survey finds that 50 percent of Americans generally disapprove of the …

26 States With a Big Health Coverage Gap

This week, Health Insurance Marketplaces opened in states across the country.  It’s true: Many more Americans will now have access to affordable health care.  But, other hard-working people, who live in states that have not yet committed to expanding Medicaid, will fall into a new coverage gap. That’s right: In the 26 states that have not accepted federal funding to expand Medicaid, adults who earn up to $15,000 a year will not qualify for any type of subsidy through the …