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Trump Promises $200 Prescription Drug Card for Seniors

Kiplinger logo Kiplinger 9/25/2020 Rocky Mengle
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As part of his America First Healthcare Plan, President Trump announced that "33 million Medicare beneficiaries will soon receive a card in the mail containing $200 that they can use to help pay for prescription drugs." The cards are expected to be mailed in the "coming weeks."

The cards will be partially paid for with savings from the Trump administration's policy that Medicare shouldn't pay more for prescription drugs than the "most-favored-nation price," which is generally the lowest price that a pharmaceutical company charges for drugs sold in other developed countries.

Video: Trump to give Medicare beneficiaries checks to pay for medicines (Fox Business)

The administration has not released additional information about the prescription drug cards at this point. However, we will provide additional details when they become available.

America First Health Care Plan

The prescription drug card was reportedly a last-minute addition to the president's overall America First Health Care Plan. Among other things, the plan lays out the Trump administration's desire to:

  • Continue health insurance coverage for pre-existing conditions;
  • End "surprise billing" for medical costs that patients had no meaningful ability to plan for in advance;
  • Dedicate significant resources for COVID-19 therapeutics and vaccines, as well as for treatments for other serious illnesses and conditions;
  • Provide access to health coverage tailored to individual needs;
  • Establish transparent pricing for medical procedures and drug prices;
  • Lower prescription drug costs;
  • Improve access to innovative arrangements like direct primary care;
  • Enhance patient control over medical records;
  • Expand telehealth options; and
  • Cut Medicare waste, fraud and abuse.

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