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Medicare beneficiaries have saved $20 billion on prescription drugs since 2010

from Modern Healthcare

Nearly 10.7 million Medicare beneficiaries have received discounts totaling over $20.8 billion on prescription drugs, an average of $1,945 per beneficiary, since the enactment of the Affordable Care Act. According to new HHS data released Monday, nearly 5.2 million seniors and people with disabilities received discounts of over $5.4 billion, for an average of $1,054 per beneficiary in 2015 alone. The savings in 2015 is a 12 percent increase compared to the amount saved in 2014, when 5.1 million Medicare beneficiaries received discounts of $4.8 billion. That equaled an average of $941 per beneficiary in 2014, the report said. more

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