CMS Announces Big Savings for Medicare Beneficiaries

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

President Obama speaks about fiscal policy at George Washington University on April 13, 2011 in Washington, DC. President Obama laid out his plan for deficit and debt reduction.
National Journal
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Sophie Novack
Oct. 28, 2013, 2:21 p.m.

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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