Six years ago, the Affordable Care Act (ACA) was signed into law. Through new health insurance Marketplaces and the expansion of Medicaid, 20 million uninsured Americans have gained health coverage since 2010. Alongside these historic reductions in the number of uninsured, the ACA also made many important improvements to Medicare. On this sixth anniversary of the ACA, we reflect on three key ways the ACA strengthened Medicare:
Common Part B prescription drugs treat cancer, macular degeneration, anemia, and arthritis. Part B medications tend to be very costly—in 2013, Medicare and its beneficiaries spent $19 billion on Part B prescription drugs. The proposed demonstration is designed to ensure that people with Medicare receive the most cost-effective Part B medications available. The program will not only alter reimbursement, it will also test ways to promote smarter prescribing among physicians, lower or eliminate cost sharing for high-value treatments, and more.As a long-time advocate for solutions to lower the cost of Part B medications, Medicare Rights supports the proposed demonstration and will provide comments to the Innovation Center on how to proceed with testing to ensure that beneficiaries continue to receive the treatments best suited to their needs.
These are only three reasons to celebrate the ACA, but the list goes on and on! People all over the country are honoring the sixth anniversary of the ACA and the continued strength of the Medicare program. See what some are saying on Twitter:
— Sylvia Burwell (@SecBurwell) March 23, 2016
— Andy Slavitt (@ASlavitt) March 23, 2016
— Kaiser Family Found (@KaiserFamFound) March 23, 2016
— U.S. Surgeon General (@Surgeon_General) March 23, 2016
— Jason Furman (@CEAChair) March 22, 2016