The Trump administration is planning to scrap Medicare subsidies, which could leave seniors facing higher rates for their prescription coverage next year.
After 2026, the government will stop providing billions in subsidies to insurance companies that keep premiums low for Medicare prescription plans, known as Part D, Trump administration officials told The Wall Street Journal Tuesday.
Roughly 25 million people have Part D plans, and the average monthly payment was roughly $36 in 2026. Medicare recipients will learn of their new rates in the fall, right around the midterm elections, in which affordability is sure to be a key issue.
A Trump administration official told the Journal that 25 percent of Medicare enrollees would see their premiums stay the same, 30 percent would see an increase of less than $10 to their monthly bill, and 45 percent would see a monthly increase of between $11 and $20.
Note: The Trump administration has already overseen a price increase for some 700 prescription drugs covered by Part D plans.
The administration official claimed that the subsidies had encouraged insurers to raise rates, and that there would be other means of keeping premiums low. If not, there were other affordable options, the official said.
Boomers, aren’t ya just glad?
Boomers are the most entitled and spoiled generation there has ever been.
We knew. We didn’t listen. Reagan was called “the great communicator” for a reason. I admit he had me fooled.
But seriously, he was presidential and imposing, you could see practically feel the call to action when he said “Mr Gorbachev, tear down this wall”. He was not embarrassing as the face of the us, he was not as blatant a liar, he didn’t pardon criminals, there were limits to the civil rights he trampled, and he had a platform other than enriching his buddies.
Criticize Reagan all you want as the start of the downfall, and you’re probably right, but he was downright liberal compared to our current chaos