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Congresswoman Laura Richardson Announces $5,000 in Savings for Americans with Medicare through the Affordable Care Act

Press Release

Location: Long Beach, CA

Today, Congresswoman Laura Richardson announced that through the Affordable Care Act, the average Californian with Medicare will save $5,000 from 2010 to 2022 on prescription drug costs. Congresswoman Richardson has been a proud supporter of the Affordable Care Act since its introduction, and she is continuing to work to strengthen Medicare.

"The Medicare system is one of the proudest achievements of the Democratic Party and has secured the health and financial security of seniors in every state," said Congresswoman Richardson. "An additional $5,000 in savings will improve the lives of seniors on fixed incomes, especially since about half of Medicare beneficiaries live on incomes of $22,000 a year or less," added Congresswoman Richardson.

According to a new report released by the Department of Health and Human Services, seniors and people with disabilities in California have saved $366.5 million on prescription drugs this year, and 1,593,325 individuals have received free preventative care in 2012. Across the nation, over 5.5 million people have saved approximately $4.5 billion on prescription drugs since the enactment of the Affordable Care Act.

"Over the last 47 years, Medicare has become a vital lifeline for generations of seniors, and it should be protected. I am so pleased to announce that the Affordable Care Act is continuing to ensure that seniors can afford their medical prescriptions and stay healthier in the years to come," said Congresswoman Richardson.

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