Medicare Saves People over $26 Billion on Prescription Drugs


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Nearly 12 million people who utilize Medicare beneficiaries have received discounts of over $26 billion on prescription drugs since 2010. The Department of Health and Human Services (HHS) released new information showing that millions of senior citizens and people with disabilities continue to benefit on the improvements to Medicare as a result of the Affordable Care Act (ACA).

According to information from the National Committee to Preserve Social Security & Medicare, over 4 million Latinos in the U.S. receive benefits from Medicare and their median income was $12,800 annually.

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In 2016, over 4.9 million seniors and people with disabilities received discounts of over $5.6 billion, for an average of $1,149 per beneficiary. This was an increase from 2015 when 5.2 million Medicare beneficiaries received discounts of $5.4 billion, for an average of $1,054 per beneficiary.

An estimated 40.1 million people with Medicare – including those enrolled in Medicare Advantage – took advantage of at least one preventive service with no copays or deductibles in 2016, which is slightly more than 2015.

“While the Affordable Care Act has expanded coverage to 20 million Americans, the law is also a game changer for millions of older Americans,” said Centers for Medicare & Medicaid Services (CMS) Acting Administrator Andy Slavitt in a news release. “These benefits are providing seniors and people with disabilities with Medicare coverage increased financial security and the guarantee that they can get an important preventive screening without cost to them.”

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By The Numbers By The Numbers



of Latinos remain without health insurance coverage

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