WASHINGTON β As open enrollment for Medicare beneficiaries ended on Dec. 7, government officials said that Rhode Islanders saved more than $5.56 million on prescriptions as a result of the health reform law.
In Rhode Island, 10,662 people with Medicare have saved $5,564,873 β averaging about $522 per person, according to data analyzed by officials at the U.S. Department of Health and Human Services.
Nationwide, 2.65 million with Medicare saved more than $1.5 billion on their prescriptions, averaging about $569 a person.
βThanks to the Affordable Care Act, millions of Americans are receiving free preventive services and getting cheaper prescription drugs,β said Marilyn Tavenner, the acting administrator at the Centers for Medicare & Medicaid Services.
At the end of November, Tavenner said more than 24.2 million people with Medicare have taken advantage of at least one free preventive benefit β including the new Annual Wellness Visit β made possible by the Affordable Care Act.
In Rhode Island, 80,714 people with Medicare have taken advantage of the free preventive coverage.
Estate and Corporate Income Taxes are changing next year, and business owners and executives should know the details. The PBN Summit on November 6th will provide those details and more - including how much Obamacare's Employer Mandate could cost.
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