facebook
twitter
rss
account
search
search
 

U.S.: ACA to save seniors $4,200 by '21

March 19, 2012 at 10:43 PM   |   Comments

WASHINGTON, March 19 (UPI) -- The average senior on Medicare is estimated to save $4,200 on healthcare costs by 2021 because of the Affordable Care Act, U.S. officials said.

The law strengthens Medicare for seniors in several ways, the U.S. Department of Health and Human Services said in a statement Monday -- giving them access to preventive services such as mammograms and colonoscopies, with no co-pay or deductibles, as well as a free annual wellness visit with a doctor of their choice.

Nearly 32.5 million people have already received a free preventive service, the statement said.

"Already, more than 5.1 million seniors and people with disabilities saved more than $3.2 billion in drug costs. That comes to an average savings of $635 per person for seniors caught in the coverage gap known as the donut hole," the statement said. "You get cheaper prescription drugs. If you're in the donut hole, you will receive a 50 percent discount when buying brand-name prescription drugs covered by Medicare Part D. The discount is applied automatically when you fill your prescription -- you don't have to do anything to get it. These changes are already saving seniors billions of dollars."

The Affordable Care Act builds on federal efforts to combat fraud and abuse, and the efforts are saving billions of dollars in taxpayer funds, helping extend the life of the Medicare Trust fund, federal health officials said.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
CDC: Get your flu vaccine CDC: Get your flu vaccine
2
Study shows one dose of antidepressants changes the brain Study shows one dose of antidepressants changes the brain
3
16 U.S. food makers surpass calorie-counting pledge 16 U.S. food makers surpass calorie-counting pledge
4
Morning exercise helps calm ADHD symptoms in children Morning exercise helps calm ADHD symptoms in children
5
Yoga guru BKS Iyengar dies at 95 Yoga guru BKS Iyengar dies at 95
Trending News
Video
x
Feedback