The average senior on Medicare will save $4,200 on their health care by 2021 because of the Affordable Care Act.
President Obama’s health reform law strengthens Medicare for seniors in a few ways. It gives them access to preventive services, such as mammograms and colonoscopies, with no co-pay or deductibles, as well as a free annual wellness visit. Nearly 32.5 million people have already received a free preventive service.
And, the Affordable Care Act is making it easier for seniors to pay for the medications they need, by providing a 50 percent discount on brand-name prescription drugs for seniors once they hit the prescription coverage gap known as the “donut hole.” By 2020, that donut hole will be closed completely.
Already, more than 5.1 million seniors and people with disabilities saved over $3.2 billion in drug costs. That comes to an average savings of $635 per person.
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