US HHS report shows Affordable Care Act savings of $3,500 for Medicare beneficiaries

A new analysis issued by the US Department of Health and Human Services estimates that, under the Affordable Care Act, average savings for those enrolled in traditional Medicare will amount to more than $3,500 over the next 10 years. Savings will be even higher - as much as $12,300 over the next 10 years - for seniors and people with disabilities who have high prescription drug costs.

“The Affordable Care Act makes Medicare stronger and reduces the burden of health care costs on some of our most vulnerable citizens,” said HHS Secretary Kathleen Sebelius. “The law improves benefits for seniors and people with beneficiaries who rely on Medicare and ensures that Medicare will be there for current and future generations by extending the life of the Medicare Trust Fund. These benefits and savings are only possible with the continued implementation of the Affordable Care Act,” she added.

Closing “donut hole” will bring greatest savings