May 27, 2020

Trump Administration: Making Drugs Affordable to Seniors

This week, the Trump Administration is rolling out new action to support America’s senior citizens and ensure they have access to affordable drug prices.

The announcement is another example of President Trump utilizing the private-public partnership with over 1,700 plans that have applied to offer lower out-of-pocket insulin costs to seniors for the 2021 year.

The President detailed the steps to provide quality and affordable care to the elderly population by giving access to low-cost insulin options through Medicare.

Seniors enrolled in participating enhanced Part D plans can expect to have options of a broad set of insulins without having a copay exceed $35 for a month’s supply.

Lowering the cost of pharmaceuticals for seniors has been a continuous goal of the Trump Administration. Last year, President Trump signed an executive order to promote quality care for seniors and improve the sustainability of Medicare.

America’s senior citizens are better off under President Trump’s policies. Average basic premiums for Medicare Part D plans are the lowest in seven years and premiums have decreased by 13.5% since 2017.

The Centers for Medicare & Medicaid Services (CMS) reported beneficiaries are saving $1.9 billion in premium costs.

As our country opens from the COVID-19 pandemic, the President is focused on reopening guidelines that protect vulnerable citizens.

Recently, the President announced FEMA would be sending personal protective equipment to over 15,000 nursing homes across the country.

In order to keep seniors safe, CMS is providing states with additional funding to increase inspections of nursing homes. CMS also raised infectious disease standards and is conducting targeted inspections at nursing homes across the country.

By increasing transparency, nursing homes are required to report COVID-19 cases to residents and their families.

The Coronavirus Commissions for Safety and Quality in Nursing Homes established under President Trump is another step taken to keep seniors safe and ensure care is being provided at the highest level. 

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