Transcript: President Obama’s remarks on Medicare prescription drug savings as a result of the Affordable Care Act

Edited by Jenny Jiang

*Excerpt from press briefing held on Aug. 20, 2012

Transcript of President Barack Obama’s remarks* on Medicare prescription drug savings as a result of the Affordable Care Act:

“Today, HHS announced that thanks to the health care law that we passed, nearly 5.4 million seniors with Medicare have saved over $4.1 billion on prescription drugs.  That’s an average savings of more than $700 per person.  This year alone, 18 million seniors with Medicare have taken advantage of new preventive care benefits like a mammogram or other cancer screening at no extra cost.

“These are big deals for a lot of Americans, and it represents two important ways that the improvements we made as part of the Affordable Care Act has strengthened Medicare and helped seniors everywhere get better care at less cost.  That’s been our goal from the very beginning, and I’m going to continue to do everything I can to make sure that we keep our seniors healthy and the American people healthy.”

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