“President Trump is promising to send $200 drug discount cards to 33 million seniors, an election year bid aimed at saying he’s lowering sky high prescription drug costs for older Americans,” Politico reports.
Said Trump: “Nobody’s seen this before, these cards are incredible. The cards will be mailed out in coming weeks, I will always take care of our wonderful senior citizens. Joe Biden won’t be doing this.”
“Sending coupons to that many Medicare beneficiaries would cost at least $6.6 billion. Two senior White House staff said the money can be used as part of a Medicare program, called the 402 demonstration, that tests innovations that could save money or improve the quality of care in Medicare.”
Stat: “That regulation has also not yet been implemented — meaning the Trump administration is effectively pledging to spend $6.6 billion in savings that do not currently exist.”
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