releases: https://web.archive.org/web/20140413005904/http://shea-porter.house.gov/media-center/press-releases/new-report-affordable-care-act-saved-new-hampshire-seniors-96-million-at
Data license: MIT · Data source: dwillis/congress-press
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| https://web.archive.org/web/20140413005904/http://shea-porter.house.gov/media-center/press-releases/new-report-affordable-care-act-saved-new-hampshire-seniors-96-million-at | NEW REPORT: Affordable Care Act Saved New Hampshire Seniors $9.6 Million at the Pharmacy in 2013 | 2013-11-26 | 2013 | 2013-11 | Democrat | House | NH | Carol Shea-Porter | S001170 | web.archive.org | legacy | FOR IMMEDIATE RELEASE Contact: Ben Wakana, 202-225-5456 MANCHESTER, NH – New Hampshire seniors with Medicare prescription drug coverage saved $9,658,317, or an average of $807 per beneficiary, during the first 10 months of 2013, according to new data released today by the Centers for Medicare & Medicaid Services (CMS). “In New Hampshire, 11,962 Medicare beneficiaries saved an average of $807 each this year thanks to the Affordable Care Act,” Shea-Porter announced. “This proves that we can strengthen Medicare and save people money at the same time. That’s good news for the health and economic well-being of Granite Staters.” Overall, Medicare beneficiaries in New Hampshire have saved $31,218,777 since the passage of the Affordable Care Act. Nationwide, more than 7.3 million seniors and people with disabilities who reached the donut hole in their Medicare Part D (Medicare Prescription Drug Coverage) plans have saved $8.9 billion on their prescription drugs, an average of $1,209 per person since the Affordable Care Act was enacted. During the first 10 months of 2013, the nearly 3.4 million people nationwide who reached the donut hole have saved an average of $866 each. These figures are higher than at this same point last year, when 2.8 million beneficiaries had saved $1.8 billion for an average of $677 per beneficiary. For many people enrolled in Medicare Part D, the Medicare “donut hole” is the gap in the Medicare prescription drug benefits before catastrophic coverage for prescriptions takes effect. Under the discount program in the Affordable Care Act, in 2010, anyone with a Medicare prescription drug plan who reached the prescription drug donut hole got a $250 rebate. In 2011, beneficiaries who landed in the donut hole began receiving discounts on covered brand-name drugs and savings on generic drugs. Next year, Medicare Part D participants who fall into the donut hole will receive savings of about 53 percent on the cost of brand name drugs and 28 percent on the cost of generic drugs. These savings and Medicare coverage will gradually increase until 2020, when the donut hole will be closed. Today’s report comes on the heels of a letter Congresswoman Shea-Porter sent the Conference Committee on the 2014 Budget stating that seniors’ earned benefits should be defended during budget negotiations. Shea-Porter has strongly defended the role that Medicare and Social Security play in providing a secure retirement for millions of Americans. In February, she wrote to President Obama urging him to reject proposals to cut Medicare, Medicaid, and Social Security as he works with Congress to address our nation’s fiscal challenges. The news of continued savings on prescription drugs follows new information showing historically low levels of growth in Medicare spending. For example: CMS recently announced that the Medicare’s Part B premium will not increase in 2014, and that the last five years have been among the slowest periods of average Part B premium growth in the program’s history. The Part B deductible will also not increase, having decreased in 2014. The Part B premium and deductible for 2014 are 15 percent below what was projected in 2010, the year the Affordable Care Act was enacted. Since enactment of the Affordable Care Act, the life of the Medicare trust fund has been extended by nearly ten years, until 2026. ### | 1 | 2026-03-30T12:14:52Z | 2026-03-30T12:14:52Z |