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.

New CBO Report Supports Innovation Center’s Approach to Improving Care

The Center for Medicare and Medicaid Innovation is putting new lessons and recommendations into practice. The Innovation Center is charged with engaging doctors, hospitals, and other providers that want to try new approaches to keeping their patients healthy and out of the hospital. Here are just a few examples of how the Innovation Center has already adopted some of CBO’s recommendations.

Cracking Down on Insurance Companies, Protecting Consumers

Today, we’re using the rate review tool to protect consumers and crack down on unreasonably high rate increases. We’re announcing that Trustmark Life Insurance Company has unreasonably raised health insurance premiums in: Alabama, Arizona, Pennsylvania, Virginia, and Wyoming – which would affect nearly 10,000 residents across these five States.