Las Vegas, NV – Nevada Senator Harry Reid released the following statement today on savings for seniors in the Medicare Part D “donut hole:”
“Seniors are continuing to save money on the prescription drugs they need to stay healthy as a direct result of the Affordable Care Act. Since the law passed in 2010, savings on prescription drugs in the ‘donut hole’ has topped $50 million for Nevada’s seniors, with an average discount of $761 per beneficiary generated by the Affordable Care Act this year alone,” said Senator Harry Reid, after new data was released today by the Centers for Medicare and Medicaid Services. “And seniors throughout the nation are seeing the benefits, too: more than 7.3 million seniors have saved $8.9 billion. We have the Affordable Care Act to thank for this.”
“In the past, when seniors spent a certain amount on their prescriptions, their Medicare coverage stopped until they hit a catastrophic limit. The ‘donut hole’ has forced too many seniors to bear the burden of high prescription drug costs.
“We can’t go back to the days where seniors with fixed incomes were forced to choose between important prescription medication and putting food on the table. I’m proud that we’ll see even more when the donut hole is closed in 2020.”