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March 23, 2012
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Prescription drug savings for seniors in Washoe County

INCLINE VILLAGE, Nev. —-Nevada Senator Harry Reid announced savings for thousands of Nevada seniors in Washoe County who fell into the prescription drug “donut hole.”

In Washoe County alone, 3,689 seniors saved $2,045,044 in 2011 thanks to health insurance reform for an average of $554 per senior. Statewide, health insurance reform enabled 22,193 Nevada residents with Medicare to save $12,274,764 on prescription drugs in 2011.

“Health insurance reform is putting money back into the pockets of Nevada seniors by reducing what they spend on prescription drugs and providing free preventive services,” said Reid. “I am glad to see seniors in Washoe County take advantage of these services that save money and lower long-term health care costs.”

More seniors and people with disabilities on Medicare have seen significantly lower costs for critical health care — through both discounts on brand-name drugs in the Medicare Part D “donut hole” coverage gap and free preventive care.

In 2011, about 3.6 million Medicare beneficiaries across the country received discounts on prescription drugs which amounted to more than $2.1 billion in savings. Savings will be even higher in the coming years as the health insurance reform law completely phases out the Medicare prescription drug “donut hole” by 2014. By 2021, it is projected the average Medicare beneficiary will save nearly $4,200 over a 10-year period.

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Tahoe Daily Tribune Updated Mar 23, 2012 06:55PM Published Mar 23, 2012 06:53PM Copyright 2012 Tahoe Daily Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.