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CMS Announces Big Savings for Medicare Beneficiaries CMS Announces Big Savings for Medicare Beneficiaries

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CMS Announces Big Savings for Medicare Beneficiaries

The ACA is leading to no premium growth, and significant out-of-pocket savings.

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President Obama's health care law is resulting in lower costs for Medicare beneficiaries, CMS says.(Mark Wilson/Getty Images)

In some bright news for Obamacare, the Centers for Medicare and Medicare Services announced Monday that the health care law is resulting in significant out-of-pocket savings for Medicare beneficiaries.

According to CMS, the standard monthly Part B premiums will remain at $104.90 in 2014, the same as they were in 2013.

 

The Obamacare provision to close the prescription-drug "donut hole" has saved more than 7.1 million seniors and people with disabilities $8.3 billion on their prescription drugs since it took effect.

"We continue to work hard to keep Medicare beneficiaries' costs low by rewarding providers for producing better value for their patients and fighting fraud and abuse. As a result, the Medicare Part B premium will not increase for 2014, which is good news for Medicare beneficiaries and for American taxpayers," CMS Administrator Marilyn Tavenner said.   

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