This WILL make the cost for prescription drugs HIGHER for older Americans….
Older Americans are mostly on fixed incomes….
They also VOTE…..
BTW?
Trump and company HAVE worked HARD to make sure Americans pay MORE for healthcare and well being coverage….
The Trump administration announced on Tuesday that it intended to end a Biden-era program that for the past two years has helped tamp down the cost of monthly premiums for drug coverage for people on Medicare.
The decision means that millions of Americans 65 and older could face higher Medicare drug premiums next year, when the cost of living is already a major concern. That could be politically damaging for Republicans in the midterm elections. In the weeks leading up to November, Medicare beneficiaries could experience sticker shock while shopping for next year’s drug plan.
For 2025 and 2026, the federal government gave health insurers billions of dollars in subsidies to help them keep down drug premiums for people on Medicare. Without the subsidies, millions of people could have had to pay hundreds of dollars more a year for their drug plans.
Dr. Mehmet Oz, the administrator of the Centers for Medicare & Medicaid Services, said in a post on social media on Tuesday that the subsidies had been ended because the insurers no longer needed them. He said every Medicare beneficiary would still have options for low-cost plans….
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Biden administration officials set up the subsidy program before the presidential election in 2024 to offset changes that would have sharply raised Medicare drug premiums for 2025.
Biden officials were reacting to the effects of the Inflation Reduction Act, passed in 2022 by Democrats without any Republican votes, which introduced a $2,000 annual cap on out-of-pocket spending on prescription drugs along with other changes to Medicare.
At the time, Republicans sharply criticized the offset plan, calling it a nakedly political ploy meant to sway voters. They said it would offer older people only temporary relief.
For months, President Trump has been promoting his efforts to lower prices for weight-loss drugs and other medicines, saying that alone should be enough to win the midterms for Republicans.
Democrats pounced on the Trump administration’s announcement on Tuesday….
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