Monday, December 3, 2012

CBO: Obamacare Drug Savings Produce Medicare Savings

Medicare Beneficiaries Reach $5 Billion In Drug Savings by Kelly Kennedy.  USA Today.  December 3, 2012.

Drug discounts from pharmaceutical firms obtained under Obamacare have resulted in more people taking their medication which, in turn, has resulted in long-term medical costs reductions according to the Congressional Budget Office.   The CBO has quantified the savings:  1% increase in Medicare prescription has caused Medicare spending to drop by one-fifth of 1%.  A critic of the new health care law questions the reliability of this "attractive story."  Such assertions are "almost never true." he stated.

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