Seniors are Saving Money Today and Tomorrow, Thanks to Health Care Law

In 2011 about 3.6 million people with Medicare benefited from donut hole discounts—saving a total of $2.1 billion, or an average of $604 per person. And a new report released today finds that these discounts and other parts of the Affordable Care Act will lead to even bigger savings in the years ahead. According to the report, the average person with Medicare will save approximately $4,200 from 2011 to 2021, while those with high prescription drug costs will save much more – as much as $16,000 over the same period. This is especially good news for people with chronic conditions such a diabetes and high blood pressure who must take their medication every day for many years.