How Proposed Changes to Medicare (& Obamacare) Could Affect Your Wallet and Your Health Care

How Proposed Changes to Medicare Could Affect Your Wallet and Your Health Care

Although it has received little attention, a full repeal of Obamacare would eliminate Medicare benefits created by the law. Among other things, it improved Medicare’s financial outlook by slowing the growth of spending and clamped down on fraud, waste and excessive payments. It also enabled tens of millions of Medicare beneficiaries to get free preventive services such as flu shots and screenings for cancer and diabetes. And between 2010 and 2015, nearly 11 million Medicare beneficiaries saved $20.8 billion on prescription drugs—an average of $1,945 per person — because of the gradual closing of the coverage gap known as the doughnut hole.

While Obamacare remains controversial — in part because of its mandate to purchase health insurance and because premiums have increased for some plans—the Medicare provisions have proved popular with beneficiaries.

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