How is Obamacare Affecting Seniors?

The Affordable Care Act (Obamacare) not only helps people find affordable health insurance with subsidies, and in some states expands the qualifications for Medicaid, it is also saving seniors who use Medicare Part D into the billions.

“Since the Affordable Care Act was enacted, more than 7.3 million seniors and people with disabilities who reached the donut hole in their Medicare Part D (Medicare Prescription Drug Coverage) plans have saved $8.9 billion on their prescription drugs, an average of $1,209 per person since the program began.”

In Nevada, over 20,000 seniors have saved over $50 million (Average of $761 per person). That from the Center for Medicare & Medicaid Services (CMM) which also noted in their report that these seniors will also “be free to use more of their Social Security benefit cost of living adjustment on what they choose because the Medicare Part B premium will not increase in 2014, thanks to the health care law’s successful efforts to keep cost growth low.”