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Trump dramatically reduced the cost of insulin for older Americans

On May 26, the White House announced that as early as 2021, elderly people with diabetes would be able to sign up for Medicare plans that limit their co-payment for insulin in the amount of $ 35 per month, writes NPR.

Photo: Shutterstock

This news came after some polls showed that Trump is losing the support of older people - an electoral bloc that can play a decisive role in the November elections. In 2016, Trump won among older voters, but recent polls showed that he is inferior in this group to his rival Democrat Joe Biden.

New options for lowering the cost of insulin are the result of an agreement reached by the Trump administration with insulin producers and large insurance companies.

“It's a big day for older people,” said President Trump in a speech in the Rose Garden, where he took the opportunity to make several direct lunges at Biden on health issues.

“We gathered everyone around the table - insurers, manufacturers and other key players - and reached an agreement to supply insulin at a stable and radically lower price for our elderly. I hope that people will remember this because it was Biden who confused us, because they did not know what they were doing, ”Trump said.

Trump has long promised to take measures to reduce the cost of prescription drugs, but could not find a common language with Congress on this issue. Last year, Democrats passed a bill in the House of Representatives, according to which the government will negotiate prices for expensive drugs, tied to costs in other countries.

On the subject: In some US pharmacies, the margin reaches 840%: how to buy drugs cheaper

Some Senate Republicans have supported a more modest plan to limit Medicare prescription costs, but other Trump members oppose market intervention.

According to the White House, more than 3 million people in Medicare use insulin to control diabetes.

Sima Verma, head of the Medicare and Medicaid Services Centers, said plans to limit insulin would have higher insurance premiums — about $ 17 a month more than the average cost of basic plans.

“In exchange for a minimal increase in premiums, people get a maximum fixed surcharge of $ 35 per month's supply of insulin,” Verma said. According to her, ultimately, older people will save about 56% or $ 446 per year on the cost of insulin, adds New York Times. According to White House consultant Kellianne Conway, the new plan will reduce ongoing expenses by 66%.

Verma says that if the agreement to limit insulin costs is successful, the administration will try to take similar actions with other expensive drugs.

In the U.S. Donald Trump Medicate insulin

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