Congressman Dan Kildee (MI-05) announced today a new report that shows millions of Michigan residents are already benefiting from the Affordable Care Act (ACA). The third anniversary of President Barack Obama signing the ACA is this upcoming Saturday, March 23rd.
"While only three years old, the Affordable Care Act has already helped millions of Michigan residents lower their health care and prescription costs and receive better care," Congressman Kildee said. "Unfortunately, the House Republicans' budget introduced by Congressman Paul Ryan would repeal the ACA, meaning millions of Michiganders would pay more for their health care and receive reduced access to life-saving treatments such as mammograms and screenings for colon cancer."
"I will continue to fight Republican efforts to repeal the ACA. Patients -- not insurance companies -- should be in charge of their health care," Congressman Kildee continued.
The report, issued by the U.S. Department of Health and Human Services (HHS), shows that the ACA has already provided:
Rebates from insurance companies benefiting 113,995 Michigan residents. Under the ACA, insurance companies must provide consumers greater value by spending generally at least 80 percent of premium dollars on health care and quality improvements instead of overhead, executive salaries or marketing. If they don't, they must provide consumers a rebate or reduce premiums. Michigan residents will benefit from $13,908,262 in rebates this year, an average of $214 per family covered by a policy.
$153.4 million saved on prescription drugs costs for seniors. The ACA makes prescription drug coverage (Part D) for people with Medicare more affordable by gradually closing the gap in drug coverage known as the "donut hole." In 2012 alone, 106,707 individuals in Michigan saved over $79.3 million, or an average of $744 per beneficiary.
Free key preventative services for 2,386,000 Michigan residents, including 1,557,614 women. The health care law requires many insurance plans to provide coverage without cost sharing to enrollees for a variety of preventive health services, including screenings for colon cancer, Pap smears mammograms for women, well-child visits, and flu shots for children and adults.
Coverage for 94,000 young adults under the age of 26 in Michigan. The ACA requires that health insurers permit parents to retain coverage for their children until their 26th birthday. Nationally, 3.1 million young people have gained coverage due to this provision of the health care law.
No lifetime limit on coverage for 3,547,000 Michigan residents, including 1,315,000 women and 977,000 children. The ACA prohibits insurers from placing a lifetime limit on coverage. In some past cases, lifetime limits on coverage had forced some families to declare personal bankruptcy.