July 30th marked the 48th anniversary of Medicare and Medicaid becoming law. Medicare helps older Americans, along with certain persons under 65 with disabilities, while Medicaid helps low-income working Americans and families. Though each program serves a unique purpose, both help millions of Americans have the medical care they need to live healthier lives.
The reforms in the Affordable Care Act strengthen both Medicare and Medicaid. Medicaid provides health coverage to 57 million people, including more than 4.6 million low income seniors, nearly all of whom are also enrolled in Medicare, and 27.8 million children. The Affordable Care Act is also strengthening the Medicare Trust Fund, extending its life until at least 2026, nearly a decade longer than projected at the time of the law’s passage in 2010. Over 6.6 million people with Medicare have saved over $7 billion on prescription drugs as a result of the Affordable Care Act. The Department for Health and Human Services is committed to sustaining, strengthening, and protecting Medicare and Medicaid on behalf of all Americans.
Read the full press release.