(USA Today) The government [has announced] that the 2010 health care law will save Medicare beneficiaries $208 billion through 2020, and save Medicare itself $200 billion through 2016, based on a Centers for Medicare & Medicaid Services actuary report.
"We have achieved significant tangible savings that have been passed on to beneficiaries," said Jonathan Blum, director of the Center for Medicare. "There's a tremendous opportunity for even greater savings."
Just as important, officials said, private health care providers have moved forward on their own to enact some of the law's provisions…
The new numbers are based on savings so far: 32.5 million people used preventive services last year with no costs to themselves, senior citizens saved $3.2 billion for prescription drugs that fall in the "doughnut hole" in 2010 and 2011, and the government recovered $4.1 billion in 2011 in anti-fraud efforts.
CMS also projected savings based on portions of the health care law that will be enacted soon, such as penalties for hospitals for readmitting patients for the same health episode, and paying providers based on quality standards.
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