Congressman Tim Ryan Recognizes the 48th anniversary of Medicare
Washington DC – Congressman Ryan recognized the 48th anniversary of Medicare and Medicaid today and defended the benefits guaranteed through the Affordable Care Act. In 1965, prior to the enactment of Medicare, half of all seniors were uninsured – today there are 42 million seniors and 9 million people with disabilities receiving guaranteed benefits. House Republicans are celebrating this anniversary by voting on bill this week to repeal the Affordable Care Act for the 40th time, which would severely weaken Medicare.
The Department of Health and Human Services released new information that shows a strengthened Medicare program thanks to the Affordable Care Act. In Ohio seniors have already saved $350 million on prescription drugs because of the Affordable Care Act. In 2012, 903,150 Ohioans on Medicare have received one or more preventative services for free. The same year, Ohioans in the “Donut Hole” received a 50% reduction on the cost of brand name prescriptions and a 14% reduction in generic prescriptions.
“It amazes me that as we celebrate the 48th anniversary of Medicare, House Republicans have decided to take up a bill that will severely weaken it in countless ways. Repealing the Affordable Care Act will open the ‘Donut Hole’ back-up, take free preventative services away, and increase the cost of prescription drugs for our seniors,” said Congressman Ryan. “Medicare has been a life-saver for seniors in Ohio and across the nation and it is not the time to rollback cost saving initiatives that are making healthcare cheaper in America.
Nationwide, 6.6 million Americans on Medicare have saved $7 billion since the Affordable Care Act was signed into law. The new health law has cracked down on fraud and abuse by $15 billion and has extended the Medicare Trust Fund’s solvency by 8 years. In 2012 alone, over 34 million seniors received at least one preventative service. The Affordable Care Act also closes the Part D prescription “Donut Hole”, which has saved 6.3 million seniors more than $6.1 billion.
Pat Lowry, Communications Director