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    Medicare prescription savings pass $1B mark

    WASHINGTON (AP) — Medicare says seniors with high prescription costs have saved more than $1 billion thanks to the new health care law.

    President Barack Obama's health care overhaul provides Medicare recipients in the coverage gap called the "doughnut hole" with a 50 percent discount on brand-name drugs this year, and a smaller break on generics. The discounts gradually increase until the coverage gap closes in 2020.

    Officials said Friday about 2 million people with Medicare saved more than $1.2 billion on prescriptions through the end of September, averaging $550 per person.

    The biggest category accounting for the savings was diabetes medications. Cholesterol drugs and medications for asthma and other lung diseases came next.

    Next year, seniors will get the same 50 percent discount on brand drugs, and a bigger one on generics.

     
     
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    21 comments

    • Sam  •  6 mths ago
      What do you think medical care would be like if the President, Congress, Unions, Military and all American Citizens had the same medical insurance. Cut military spending and we could afford it. one third of every dollar goes to the military.
      • markh 6 mths ago
        It really isn't that much to ask. I'm a federal employee, I pay about 40% of the cost of my family health plan, and it's Blue Cross.
    • jack whte  •  6 mths ago
      Ok RepubliCANTS, how are you going to TEAR this story down?
      • Kruger 6 mths ago
        Easy: people need to take better care of themselves. It is called personal responsibility. How about eating right, stop smoking, get a little exercise, drink in moderation, take the drugs the doctor prescribes and stop with the illegal drugs!
        From a liberals perspective this solution has 2 problems: it takes all the fun out of life and it prevents them from playing the victim...
      • Todd 6 mths ago
        Don't need to, it is dying on its own because it is garbage math and it came from a source that sadly no one believes or cares about any more - our president
    • Ronald W  •  6 mths ago
      How much did tax payers save?
      • Kruger 6 mths ago
        RW Thank God someone posted my thoughts EXACTLY. I'm just not sure the average liberal could answer the question other than to say the rich need to pay their fair share, let along get what you are driving at!
    • Sam  •  6 mths ago
      This nurse will tell you that Medicare is still too high for seniors to be able to afford. Many seniors can not afford their medications and go without. Our whole medical system is corrupt.
    • yankee123  •  6 mths ago
      "In our time, political speech and writing are largely the defense of the indefensible."
      -George Orwell

      For Obama to cut Medicare $500 billion and now Medicare premiums will be going up
      3.5 % while citing 1 billion in supposed drug savings costs surely doesn't pass any kind
      of reasonable muster. More spin from Team Obama will not change fiction into fact.
    • yankee123  •  6 mths ago
      .
      Methinks this is simply more AP Obama fed propaganda. Obamacare cut Medicare
      $500 billion and Medicare Advantage plans by another $140 billion. To write about
      supposed savings we have never seen that theoritically comes to $1 billion is like
      saving a toothpick in a forest of felled trees.
    • Todd  •  6 mths ago
      Who saved a billion dollars? The same people that had faced increases in other areas, that pay taxes that have to cover the same billion? The people not on medicare but got a huge increase in their debt they have to pay back in the future?
    • Synical1  •  6 mths ago
      Sure, this insurance mandate may have saved medicare recipients $1.2 billion dollars. But, how much did this alleged discount cost the rest of us taxpayers in subsidies?
    • BigZ  •  6 mths ago
      These posts are proof that teabaggers are mindless droles. They want spending cuts and they get them, but their still mad because President Obama does it. Seniors don't want benefits cut, they get that, but teabagger seniors are mad because President Obama does it. They don't want our country to get better, they just want to control it.
    • Kruger  •  6 mths ago
      70% of all illness is self-inflicted. Quote from article:The biggest category accounting for the savings was diabetes medications. Cholesterol drugs and medications for asthma and other
      lung diseases came next. Still trying to figure out why I should pay for your bad health habits. So let us see: you are morbidly obese, you do not exercise, you eat fatty foods and drink to excess and I am required to pay for your diabetes medications? Or let us see: you smoke 2 packs of cigarettes a day and have done so for the past 40 years and I am supposed to pay for your asthma medications, your emphysema medications including oxygen, or better yet I should pay for your lung cancer chemotherapy, surgery and all of your medications?
      My wife and I eat right, exercise, take our medication as prescribed, we do not smoke and rarely have a drink. Our reward: we get to foot the bill for your bad health habits!
    • Ronald W  •  6 mths ago
      @Cult O'Personality, Great post.
    • Cult O'Personality  •  6 mths ago
      ObamaCare SLASHED $500BILLION from Medicare.
      .
      Hmmmmm, $1 billion "saved," and $500BILLION gutted from Medicare . . . and Obama is proud of that?
      • jack whte 6 mths ago
        REPUBLICANS want to cut Medicare completely? your NEVER happy. VOTE Republicans out in 2012
      • Frosty 6 mths ago
        Greetings, Jack Whte - can you site the republican stance that states that repubs want to cut medicare completely? I would love to get on that bandwagon.
      • Frosty 6 mths ago
        cite
    • grace  •  6 mths ago
      And us "old dummies" are supposed to believe tis propaganda??? HAHA
      • bleh 6 mths ago
        Grace is now officially a paranoid idiot
    • John Q. Public  •  6 mths ago
      I can't wait until we repeal ObamaCare so this type of travesty can be avoided!
    • Its Time  •  6 mths ago
      They sent my Census form back!..... AGAIN!!! In response to the question: "Do you have any dependents?" I replied: "12 million illegal immigrants; 3 million crack heads; 42 million unemployable people, 2 million people in over 243 prisons and 535 IDIOTS in the U.S. House and the Senate”. Apparently, that was NOT an acceptable answer because I forgot the President and his illegal alien family.
    • NYGringo  •  6 mths ago
      Of course the Tea Party Republicans would be happy to open the donut hole back up for you. I'm sure the Tea Party Republicans would be happy to give that money back to big pharma and their shareholders. Just say the word and you can go back to paying the old rates.
    • Cowboy  •  Temecula, United States  •  6 mths ago
      Well sir, Facts speak for themselves as they always do and Facts don't care who doesn't like them and that is just a Fact being Fact { Reality } This article is disengenuous and yes I am a Senior and just Retired, I am 65 years old and 2 Million is a small % of Seniors. When Obama told all Americans and Pledged "if you like your Health Plan, you will be able to keep it" Remember that ? That is Not True, Obama Lied when he said that, 50% of all Seniors with Medicare Advantage will lose their Plan, simple as that period. That was Reported by Richard Foster in the Annual Report of the Medicare Board of Trustees and Richard Foster is the Chief Actuary for Medicare and was Reported in the Wall Street Journal Sept. 9, 2010 and also the Press Enterprise News Paper Riverside, Californa. For heavens sake, Obamacare cuts the heck out of Medicare, look it up, Google what Obamacare does to Medicare and what Obamacare does to Businesses and to the Workers. Right now 54% of Americans and 26 States want Obamacare Repealed, Obamacare Stinks, simple as that and when YOU find out what's in it you will want it Repealed TOO !! It is good for a small % while the Rest of Americans get Shafted.
    • CONNIE  •  6 mths ago
      I want to hear it from the Seniors themselves. The news media is so biased , and it IS election time. I dont' know anyont who tells me they are saving, so let's hear it?
    • yankee123  •  6 mths ago
      I'm a senior and it didn't save me a dime and now Medicare premiums are going
      up on January 1st. If AP had to submit its articles for truth testing prior to publishing
      them, they'd be out of business.
    • yankee123  •  6 mths ago
      Methinks this is simply more AP Obama fed propaganda. Obamacare cut Medicare
      $500 billion and Medicare Advantage plans by another $140 billion. To write about
      supposed savings we have never seen that theoritically comes to $1 billion is akin
      to the daily dose of teleprompter provided spin we get from the White House.
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