Now that the votes are counted and
President Obama has a second term,
what does it mean for seniors? While
President Obama's re-election means
Medicare and Medicaid as we know
them will likely be preserved at least for
the next four years, many challenges are still ahead.
One of the biggest outcomes of the election is that the Affordable Care Act (ACA - a.k.a. "Obamacare"), which candidate Mitt Romney had promised to repeal, will almost certainly remain as law and be fully implemented. The law is already beginning to close the gap in Medicare's prescription drug coverage known as the "doughnut hole," as well as providing free preventative care for Medicare recipients. The ACA also included a number of provisions aimed at improving long-term care and helping recipients remain in their homes rather than be forced into nursing homes, and these will continue to be carried out.
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