(White House Press Release, May 26, 2020)
The White House has released the following statement:
LOWERING COST OF INSULIN FOR SENIORS: President Donald J. Trump and his Administration are lowering out-of-pocket insulin costs for Medicare’s seniors.
- Under President Trump’s leadership, the Centers for Medicare & Medicaid Services is announcing that many Medicare Part D plans and Medicare Advantage plans have applied to offer lower out-of-pocket insulin costs to seniors for the 2021 plan year.
- Across the Nation, participating enhanced Part D plans will provide many seniors with Medicare access to a broad set of insulins at a maximum $35 copay for a month’s supply of each type of insulin.
- In 2018, Medicare Part D also started covering newer insulin delivery devices, including both mechanical and electronic insulin pumps that are not covered under Part B.
- Lowering out-of-pocket insulin costs will provide the many Medicare beneficiaries who rely on one or more common forms of insulin with plan options that will deliver critical relief.
- President Trump is committed to ensuring that older Americans receive the best quality healthcare at an affordable price.
- Just last year, the President signed an Executive Order to empower seniors with more choice and access in healthcare and improve the fiscal sustainability of Medicare.
- This order will eliminate unnecessary barriers and combat fraud, waste, and abuse in Medicare, improving the program and maximizing freedom for patients and providers.
- Average basic premiums for Medicare Part D prescription drug plans are the lowest in 7 years and have fallen by 13.5 percent since 2017, saving beneficiaries $1.9 billion in premium costs.
- Medicare Advantage premiums have also fallen 28 percent since 2017 to a 13-year low.
- President Trump is committed to lowering the prices of prescription drugs for all Americans and has repeatedly called on Congress to act.
- President Trump has released his “Opening Up America Again” guidelines, which include instructions for States to take additional measures to protect the safety of senior citizens.
- The Trump Administration has made it easier for America’s seniors to be tested for coronavirus while ensuring they are not burdened by the costs of these services.
- Early in the outbreak, President Trump acted to dramatically expand Medicare telehealth coverage, ensuring seniors could access healthcare services from the safety of their own home.
- The President has taken steps to improve the safety of our Nation’s nursing homes, including creating the Coronavirus Commission for Safety and Quality in Nursing Homes.
- The Administration announced nearly $1 billion to support the needs of older Americans during the crisis, including home-delivered meals, in-home care services, and more.
- Federal agencies are studying the effects of coronavirus on vulnerable populations and are working to improve the responsiveness of our healthcare system.
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