Sacramento Business Journal: California seniors save $952M on prescription drugs since 2010

Senior Staff Writer-Sacramento Business Journal

People on Medicare in California have saved $952 million on prescription drugs, thanks to the Affordable Care Act.

More than $11.5 billion has been saved nationwide as the law gradually closes the “doughnut hole” in prescription drug coverage, federal officials announced Monday.

In 2010, everyone with a Medicare prescription drug plan who reached the doughnut hole got a $250 rebate. Discounts on covered brand-name discounts and savings on generic drugs started in 2011. These savings will gradually increase until 2020, when the doughnut hole will be closed.

Continue reading here: http://www.bizjournals.com/sacramento/news/2014/07/29/california-seniors-save-952-million-on.html

Comments
One Response to “Sacramento Business Journal: California seniors save $952M on prescription drugs since 2010”
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