doughnut hole

Medicare Drug Benefit Saves Taxpayers Billions

Posted on 03/3/2014 by |In Other News . . . | Comments

Bulletin Today | Personal HealthMedicare‘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 …

Millions Save on Prescriptions and Get No-Cost Preventive Services

Posted on 12/17/2013 by |AARP Executive Vice President | Comments

PoliticsNearly 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 …

Medicare and the Marketplace: 4 Things You Need to Know

Posted on 09/30/2013 by |Washington Watch | Comments

Bulletin Today | Personal HealthThere’s a lot to understand about the health insurance marketplace that opens on Oct. 1 — not to mention the Affordable Care Act (or “Obamacare”), which created it. But if you’re on Medicare, there’s really nothing to be confused about. Here are key facts to remember: If you’re on Medicare, don’t worry about the marketplace. The new health exchanges, as they’ve also been called, are for people without insurance. Medicare beneficiaries will continue to have Medicare. Unfortunately, there’s a lot …