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  • Mainers on Medicare have saved nearly $35 Million in prescription drug costs since healthcare reform law

    Data released by the Department of Health and Human Services shows that Maine seniors have saved more than $34 million in prescription drug costs since passage of the Affordable Care Act in 2010.  The health reform law gradually closes the so-called Medicare “donut hole” by offering seniors savings on prescription drugs.

    “The Affordable Care Act is working for Maine seniors,” said Congressman Mike Michaud.  “Closing the donut hole was a strong step that has translated into real savings for our seniors. That is what reforming our healthcare system was all about: lowering costs and ensuring more Mainers could access affordable, quality healthcare.”

    The “donut hole” coverage gap is the period in the Medicare prescription drug benefit in which a beneficiary pays 100 percent of their drugs until they hit the catastrophic threshold.  The ACA gradually closes the gap over 10 years, offering significant discounts on covered brand-named drugs and savings on generic drugs.