Congressman Tim Ryan Applauds New Report on Drug Savings and Use of Preventive Services Under the Affordable Care Act

Feb 8, 2013 Issues: Health Care

 

Congressman Tim Ryan Applauds New Report on Drug Savings and Use of Preventive Services Under the Affordable Care Act

(Washington, D.C.) Congressman Tim Ryan today applauded a new report from the Centers for Medicare & Medicaid Services (CMS) which indicated that in 2012, as a result of the passage of the Affordable Care Act, 178,931 Ohio senior citizens in the so-called ‘donut hole’ saved an average of $774 on their prescriptions. In addition, the report shows that 903,150 Ohioans in 2012 received at least one preventive service at no cost to them, and 79,387 Ohioans took advantage of the Annual Wellness Visit provided by the Affordable Care Act.

“The Affordable Care Act has lowered costs for our senior citizens, and provided a sense of health and economic security that they need,” said Congressman Ryan. “With the Affordable Care Act, all Americans can now take advantage of wellness care which can have significant health benefits and lead to longer and healthier lives.”

Since the passage of the Affordable Care Act in 2010, Medicare beneficiaries who hit the “donut hole” in the Medicare prescription drug benefit received a one-time $250 rebate.  In 2011, Medicare beneficiaries began receiving a 50 percent discount on covered brand name drugs, and in 2012, Part D covered 14 percent of the cost of generic drugs in the coverage gap. Coverage for both brand name and generic drugs in the gap will continue to increase over time until 2020, when the coverage gap will be closed.

Under the Affordable Care Act, many preventive services are offered free of charge to beneficiaries, with no deductible or co-pay, so that cost is no longer a barrier for seniors who want to stay healthy and treat problems early.

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Pat Lowry

Communications Director

Congressman Tim Ryan

241 W. Federal Street

Youngstown, OH 44503

P: (330) 740-0193

C: (330) 717-8103