Many seniors on Medicare don’t know repeal of the Affordable Care Act could mean some of their benefits disappear, advocates for the aging say.
An annual wellness visit, cancer screenings and discounts on prescription drugs could all be in jeopardy if the law, also known as Obamacare, is repealed without preserving key parts for seniors.
Nearly 12 million elders and people with disabilities on Medicare nationwide have saved more than $26 billion through discounts on prescription drugs since 2010 when the health law was passed, according to the Centers for Medicare & Medicaid. The average savings to each elder has been $2,200.
Seniors in Florida have saved nearly $1.8 billion since 2010, which includes a one-time rebate of $250 and additional discounts on what they pay out-of-pocket when they reach the coverage gap known as the “donut hole” in the Medicare Part D program.