Medicare says seniors with high prescription costs have saved more than $1 billion thanks to Obama’s new health care law.

President Barack Obama’s health care overhaul provides Medicare recipients in the coverage gap called the “doughnut hole” with a 50 percent discount on brand-name drugs this year, and a smaller break on generics. Giving insight into the number of medicined prescribed to this cost segment, that saved seniors $1 billion just in this year alone.

(Which means if a majority of Republicans succeed in being voted in, Seniors themselves will be the ones who need to come up with that $1 billion out of their own pockets.)

Officials said Friday about 2 million people with Medicare saved more than $1.2 billion on prescriptions through the end of September, averaging $550 per person.

So get ready Grandma and Grandpa! If you both are living, together you’ll be paying $1100 more EACH YEAR if Republicans get elected.

$1100 a year….

The biggest category accounting for the savings was diabetes medications. Cholesterol drugs and medications for asthma and other lung diseases came next.

Next year, seniors will get the same 50 percent discount on brand drugs, and a bigger one on generics.

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