Obamacare repeal could crush your retiree medical costs February 7, 2017 CNBC Share Tweet SUMMARY: While most coverage of the Affordable Care Act was about its efforts to make sure more people had health insurance, it also has important provisions to lower prescription drug prices. CNBC wrote at length about how the repeated attempts to repeal the Affordable Care Act could result in higher prescription drug costs for some older Americans. One example is that the Affordable Care Act was built with provisions to close the Medicare Part D “donut hole” by 2020. According to the nonpartisan Kaiser Family Foundation, older Americans who have between $1,250 and $4,950 in out-of-pocket costs in 2017 had to pay a higher percentage of their total prescription drug costs as a result of the Part D donut hole. Learn more about how repealing health care laws and failing to close this donut hole can impact your personal finances.