News Headlines Article

California seniors save $952M on prescription drugs since 2010
Sacramento Business Journal

People on Medicare in California have saved $952 million on prescription drugs, thanks to the Affordable Care Act. More than $11.5 billion has been saved nationwide as the law gradually closes the “doughnut hole” in prescription drug coverage, federal officials announced Monday. In 2010, everyone with a Medicare prescription drug plan who reached the doughnut hole got a $250 rebate. Discounts on covered brand-name discounts and savings on generic drugs started in 2011.