President Trump is Reducing the Cost of Insulin for Black American Seniors

Yesterday, the Trump Administration announced a dramatic reduction in the cost of insulin for Medicare Part D seniors to $35 copay for a month’s supply of insulin. Please see below for more information on the Part D Senior Savings Model

“No effort will be spared to give America’s seniors the care and support and devotion and love they have earned and that they deserve.” – President Donald J. Trump

“Once again President Trump is working to improve the economic and physical health of Black Americans through his historic announcement dramatically reducing the cost of insulin for seniors on Medicare Part D at a time when they need it most.” –

Paris Dennard, Republican National Committee Senior Communications Advisor for Black Media Affairs

“Thank you, Mr. President, thank you Administrator Verma for making this afternoon one that we can focus on the 34 million Americans like myself whose living with diabetes, 7 million of which need insulin to live. 25 percent of the individuals have told us that they ration or skip doses of their medicine because they simply cannot afford it…Today, together, we are helping millions of seniors access insulin affordably, this is a very big deal.” – Tracey Brown, American Diabetes Association CEO

 

PRESIDENT DONALD J. TRUMP IS REDUCING THE COST OF INSULIN AND IMPROVING HEALTHCARE FOR BLACK AMERICAN 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 announced 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.
• There are over 5 million Black Americans on Medicare.
• According to the U.S. Department of Health and Human Services Office of Minority Health, Black American adults are 60 percent more likely than non-Hispanic white adults to have been diagnosed with diabetes by a physician.
• 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 working to improve the accessibility, quality, and affordability of healthcare and prescription drugs for our Nation’s seniors.

• 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 is ensuring that our Nation’s seniors remain safe and have access to healthcare resources during the global COVID-19 pandemic.

• 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.

More information on the Part D Senior Savings Model can be viewed HERE  

More information on the Part D Senior Savings Model Press Release can be viewed HERE

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