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5 Ways that Seniors Benefit from the Affordable Care Act

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The Doughnut Hole Will Be Closed

If you have prescription drug coverage through Medicare, then you know about the doughnut hole -- a gap in coverage that made it difficult to afford medications. Seniors had assistance paying for medications up until a certain dollar amount, and then they were on their own until they reached another dollar amount. The Affordable Care Act closes the doughnut hole over the next 10 years and provides financial help until the gap is fully closed. In June 2010, the government began mailing $250 rebate checks to help seniors pay for their medications, and in 2011, seniors will receive a 50 percent discount on approved brand-name prescription drugs.

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Sources

  • "Closing the Prescription Drug Gap." Centers for Medicare & Medicaid Services. May 2010. (Aug. 26, 2010)http://www.medicare.gov/Publications/Pubs/pdf/11464.pdf
  • Cooper, Helene and Robert Pear. "Obama Gets Tough on Health Care Fraud." New York Times. March 10, 2010. (July 22, 2010)http://www.nytimes.com/2010/03/11/health/policy/11health.html
  • "Health Reform for American Seniors." The White House. (Aug. 26, 2010)http://www.whitehouse.gov/sites/default/files/rss_viewer/health_reform_seniors.pdf
  • HealthCare.gov Web site. U.S. Department of Health and Human Services. (Aug. 26, 2010)http://www.healthcare.gov/
  • "How is Medicare Funded?" Centers for Medicare & Medicaid Services. September 2009. (Aug. 26, 2010)http://www.medicare.gov/Publications/Pubs/pdf/11396.pdf
  • "Medicare and the New Health Care Law -- What It Means for You." Centers for Medicare & Medicaid Services. May 2010. (Aug. 26, 2010)http://www.medicare.gov/Publications/Pubs/pdf/11467.pdf
  • "Medicare Trustees Report Shows Substantial Improvement in Financial Status as a Result of the Affordable Care Act." CMS Office of Public Affairs. Aug. 5, 2010. (Aug. 26, 2010)http://www.cms.gov/apps/media/press/factsheet.asp?Counter=3823
  • "Summary of New Health Reform Law." Kaiser Family Foundation. June 18, 2010. (Aug. 26, 2010)http://www.kff.org/healthreform/upload/8061.pdf
  • "Trustees Announce Solvency of Medicare Trust Fund Extended by 12 Years to 2029." Department of Health & Human Services. Aug. 5, 2010. (Aug. 26, 2010)http://www.hhs.gov/news/press/2010pres/08/20100805d.html

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7 Key Questions in the U.S. Slavery Reparations Debate

7 Key Questions in the U.S. Slavery Reparations Debate

HowStuffWorks looks at the issue of paying reparations for slavery, including the case for and against, as well as how would the amount be decided.


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