Medicare savings and senior stats for 2015. Do any of these apply to you?
Last year, Medicare beneficiaries continued to save billions on prescription drugs since the 2010 introduction of the Affordable Care Act. These are the total savings:
- 10.7 million beneficiaries have saved $20.8 billion on prescriptions with discounts.
- Average savings per person: $1,945.
These are the numbers for 2015 alone:
- 5.2 million beneficiaries saved more than $5.4 billion with discounts.
- Average savings per person: $1,054.
The savings are 12% higher than in 2014, and twice as many beneficiaries saved money:
- 5.1 million beneficiaries saved $4.8 million with discounts.
- Average savings per person: $941.
Medicare beneficiaries are also being healthier by taking advantage of their plan resources.
- Nearly 40 million beneficiaries used “at least one preventative service with no copays or deductibles” last year.
- About 9 million Medicare Advantage beneficiaries, and 6 million with Medicare supplements, had an annual wellness visit last year.
Last year in Virginia, over 1 million people enrolled in Medicare Part B.
- 76.2% of beneficiaries in Virginia used Medicare Part B Free Services.
- 19.5% of beneficiaries in Virginia had an annual wellness visit.
Read the report on Medicare savings here.
For more on the numbers, see this Modern Healthcare article.