Affordable Care Act Saves $260 Million This Year

Thanks to the Affordable Care Act, almost half a million individuals enrolled in Medicare’s prescription drug benefit have received a 50 percent discount on their out-of-pocket costs in the first five months of 2011.

Because of Medicare improvements in the Affordable Care Act, beneficiaries now automatically receive a 50 percent discount on covered brand-name drugs in the Part D coverage gap, or “donut hole,” and have saved more than $260 million so far this year.