Mark Udall said new data out today from the U.S. Department of Health and Human Services shows how the Affordable Care Act has saved 19,718 Colorado senior citizens and disabled persons on Medicare an average of $608 each on prescription drug costs during the first eight months of 2012. The savings are the result of the Affordable Care Act's provisions aimed at closing the so-called "donut hole" gap in drug coverage.
"This report underlines what thousands of Coloradans have already experienced with their wallets: The Affordable Care Act is lowering the cost of prescription drugs and preventive services for senior citizens and those who rely on Medicare," Udall said. "Rising health care costs place strains on seniors who often live on fixed incomes. Every dollar the Affordable Care Act saves them is a dollar they can reinvest in themselves and their families."
The report shows that, nationally, more than 5.5 million senior citizens and people with disabilities have saved nearly $4.5 billion on prescription drugs as a result of the Affordable Care Act. The data also showed that during the first eight months of 2012, over 19 million people with Original Medicare received at least one preventive service at no cost to them.
Udall has been a vocal supporter of the ACA as a tool to expand health coverage for thousands of Coloradans. He recently hailed a study showing how the law has saved Coloradans from unjustified health insurance rate hikes and a study showing how the law has saved Coloradans $43.8 million in prescription drug costs since 2010 and more than $8.7 million since the start of 2012. Earlier this summer, Udall announced expanded health care services for women, and heralded the U.S. Supreme Court's decision to affirm the health care law's constitutionality.