Article

2020-05-27 Economy

Trump slashes cost of insulin for Medicare enrollees to $35 a month

[NYPost] President Trump on Tuesday will announce a prescription plan drastically reducing the cost of insulin for American seniors who rely on Medicare.

The deal struck with the nation’s insulin manufacturers and health care providers will limit the co-pay for a month’s supply of insulin to $35 — a 66 percent reduction to current costs, White House counselor Kellyanne Conway said.

The initiative will apply to the 1 in 3 Medicare enrollees who have diabetes, which is approximately 3 million people.

The plan, effective from January 2021, will save seniors approximately 56 percent or an average of $446 each year in insulin co-pays, said Seema Verma, administrator of the Centers for Medicare and Medicaid Services.

But is this a cut in total price or just the out-of-pocket cost to patients, a larger balance now being picked up by the government? Either way, the announcement will get the attention of older voters...

Posted by g(r)omgoru 2020-05-27 10:15|| || Front Page|| [10 views ] Top

#1 The cost of insulin has been outrageous for years. When you can buy some for your dog for $15, something along the way broke... badly.

Posted by DarthVader 2020-05-27 14:10|| 2020-05-27 14:10|| Front Page Top

#2 Three cheers for the insurance industry and the pharmaceutical-industrial complex!

Posted by Clem 2020-05-27 14:26|| 2020-05-27 14:26|| Front Page Top

#3 NYT headline: "Trump Encourages Obesity!"

Posted by charger 2020-05-27 14:36|| 2020-05-27 14:36|| Front Page Top

#4 'I don’t use insulin. Should I be?' Donald Trump jokes about taking ANOTHER drug as he unveils plan he claims will cut prescription cost for seniors amid polls showing slipping support among over-65s

Posted by Skidmark 2020-05-27 16:35|| 2020-05-27 16:35|| Front Page Top

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