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A recent study published by the American Medical Association journal found savings for the government as well as seniors from the prescription program, offsetting some of its cost to taxpayers.
It estimated that the drug benefit saved Medicare an average of $1,200 a year for each senior who had no coverage or inadequate benefits before the program was launched in 2006. Most of that came from reduced hospital and nursing home costs, as prescriptions helped to keep people healthier.
That translates into an average annual savings of $12 billion, the study said, offsetting over 20 percent of the $55 billion taxpayers spend on the program.
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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