AcuPartD

Keeping you updated on the latest Medicare and Part D news

Affordable Care Act Saves Part D Beneficiaries $8.9 billion To Date

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New data shows that the Affordable Care Act’s (ACA) efforts to close the coverage gap have saved Part D beneficiaries $8.9 billion on prescription drugs.  Beneficiaries who reach the coverage gap, also known as the “donut hole,” must pay full price for prescription drugs until they reach catastrophic coverage. So far, the ACA has created rebates and discount programs to fully close the donut hole by 2020. Since the ACA was enacted, more than 7.3 million beneficiaries reached the coverage gap, including 3.4 million this year (since October 2013).

CMS Press Release

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