Healthcare reform saves MI Medicare recipients $49M on prescriptions
More than 84,000 Michigan residents receiving Medicare benefits saved nearly $49 million on prescriptions in 2011 under health care reform, the U.S. Department of Health & Human Services said Thursday. Health care reform provided seniors with Medicare a 7 percent discount on covered generic medications when they hit the prescription drug coverage gap called the donut hole. This year, health care reform provides Medicare recipients a 50 percent discount on brand-name prescriptions and a 14 percent discount on generics. "The Affordable Care Act is already saving money for millions of Americans with Medicare," Kathleen Sebelius, U.S. Health & Human Services Secretary, in a statement.
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