Recent Reports explains Affordable Care Act is Saving Seniors Money on Prescription Drugs and lessens the Deficit

New Mexico’s Third District Congressman Ben Ray Lujan brought to focus two new reports that were lately released on the effect that the Affordable Care Act is having on New Mexico’s seniors as well as that on the deficit.

The Centers for Medicare and Medicaid Services (CMS) released data illustrating that health insurance reform has saved New Mexico seniors who are enrolled in Medicare, $18,751,250 on prescription drugs. The Affordable Care Act addresses the rising costs of prescription drugs for seniors on Medicare Plans .Apart from the many other benefits like culminating bias for pre-existing conditions and permitting young adults to stay on their parents’ health care plan until age 26, these reports are quite expressive of the fact that the people of New Mexico have a lot to gain through the Affordable Care Act. They also have more savings owing to lower prescription drug costs. For seniors on a fixed budget, saving hundreds of dollars on life-saving medication will have a considerable impact during this harsh economic time.

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