Since America's new health care law was enacted, nearly 7 million seniors and people with disabilities have saved a total of $9 billion on prescription drugs. In Wisconsin alone, approximately 58,900 Wisconsinites have saved $848 on average on their prescription drugs because of the Affordable Care Act.
So what do these savings mean? Before the Affordable Care Act, if people with Medicare hit a certain threshold of spending on prescription drugs, they would suddenly have to pay out of pocket for the entire cost of the prescription drugs until they reached catastrophic coverage. Now, the Affordable Care Act is helping close this gap in coverage, also known as the "donut hole," reducing out of pocket costs for Wisconsin seniors.
In addition to these important cost-savings for Wisconsin seniors, more and more Wisconsinites are gaining access to preventive services. New data released by the Centers for Medicare and Medicaid Services estimates that in the first 11 months of 2013 alone, an estimated 25.4 million people with traditional Medicare received at least one free preventive service, like a wellness visit or mammogram, at no out-of-pocket cost. In Wisconsin, approximately 461,000 people with Medicare have already received at least one free preventive service this year.