AMAC member gives video testimony
AMAC Action President Bob Carlstrom was at the Rose Garden with other guests yesterday as President Trump made a significant announcement regarding the price of insulin. Starting in 2021, many Medicare Part D plans and Medicare Advantage plans have applied to offer lower out-of-pocket insulin costs for seniors. Participating enhanced Part D plans will provide many seniors with Medicare access to a broad set of insulins at a maximum copay of just $35 for a month’s supply of each insulin. A video statement from AMAC member Alan Arnfield describing his experience with paying for expensive insulin was played during the announcement.
Many AMAC members are prescribed insulin to help manage their diabetes, and they tell us of the hard choices they have to make in order to purchase their insulin, like rationing it or going without some of the basic necessities of life to afford it. This reduced price will have a significant effect on both the health and quality of life for seniors throughout the country.
President Trump and his administration have worked tirelessly to provide quality, affordable healthcare for our America’s seniors. Last year, the President signed an executive order to promote quality care for our seniors and improve the fiscal sustainability of Medicare. Under President Trump, average basic premiums for Medicare Part D plans are their lowest in 7 years. Part D premiums have fallen by 13.5 percent since 2017, saving beneficiaries $1.9 billion in premium costs.
Andrew Mangione is Senior Vice President for AMAC’s advocacy affiliate, AMAC Action. He leads AMAC’s grassroots efforts, represents AMAC’s membership in Washington, D.C., and helps chart the association’s policy course. He also serves as a national spokesperson.
Copyright © 2024 AMAC, Inc. / AMAC Senior Resources Network. All rights reserved.
Read the article closely. 2 catch words, “many” and “participating”. Not ALL and only participating plans, meaning not all seniors on Medicare using insulin will benefit from these savings. I wouldn’t hold my breath. It’s the government. Unless you’re dirt poor or know exactly which plan will be “Participating”, you’ll still have to deal with the donut hole and expensive insulin.
As a Certified Diabetes Care and Education Specialty Nurse the costs of insulin are a hurdle I help people with daily. There are 2 issues that still remain despite this move, that also need addressing:
1) the speed at which insulin costs land one in the Medicare Coverage Gap.
2) the fact insulin insulin used in insulin pump is only covered under Part B, and is not supposed to be billed under Part D. Under Part B a person still must pay 20% of the cost of their insulin – which is unaffordable for many.
I celebrate every step forward but know details such as these are so often overlooked in trying to solve the high costs of living with diabetes.
I am paying $45 a month for my insulin so $35 is not a great decrease. It seems strange to me that I pay medicare every month out of my social security check and I have to buy supplemental insurance which does not cover the rest. Still the big drug companies are making lots of money and we, the senior citizens are being taken to the cleaners. I think our medicare and supplemental insurance should cover it all.
I like President Trump, but I’m skeptical that he can lower the cost of insulin. Does he have a secret process by which it can be produced more cheaply? Or is AMAC confusing cost with price?
Good for insulin, but Trump needs to quit going goofy on Twitter tweets. The shooting will start on looters, comments on Thugs, Bash of Twitter & threats of executive order to control media, commenting on judicial decisions, and bashing of reporters & anyone that does not agree with him. Furthermore, what are Trump & Pompeo thinking when they are tossing out the Wuhan accusations to the entire world. Usually, the best way to make a deal is in closed meetings & not in public. Does Trump listen to anyone else , or no.??????
Just imagin what President Trump could accomplish if not surrounded by the treasonous liberal component of congress
I’ve supported President Trump since we elected him and he has not disappointed. He’s done more for the American people than any president in recent history.
In God’s Bible He Promised over 100 Scriptures re: HEALING. I utilize & confess God’s Scriptures every day. Result: I’m in 70s, have NOT been to doctor, hosp., etc. for at least 3 yr., feel GREAT. Christian’s Jehovah Jireh Meets ALL my needs every day. Just like: ride bike, operate computer, etc., we need to follow Instructions to get desired results. “Torah” means Instruction. 🙂
I don’t know how the reduction in Medicare premiums is figured, but I haven’t received an increase in my Social Security benefit in 5 years because the ‘raise’ is exactly the increase in Medicare premium, so no increase in my monthly income at my bank. I just can’t see any reduction in Medicare premiums.
Will this impact to cost of insulin for younger people as well?
Yes Will President Trump stand for his own will and dedication for the “All American Citizens” But unfortunately some media news reporters seem unable to deal with balance truth, to the contrary. The negative become the stuff of the headlines in many cases are a caricature of the facts and a distortion of the truth. We have a “Great USA Commander in Chief” and a winner for 2020
That’s better but should be for everyone. I would hope it would be for all types.
Is this $35 copay available during the donut hole. If not, this will save $10/mon for which I’m grateful because every little bit helps. However I usually hit the donut home mid-year and am required to pay full price of around $125 to over $300 for 30 vs 90-day supply respectively.
Medicare should be allowed to negotiate drug prices that other government agencies do. Taxpayers deserve to obtain the best prices since the volume is there!!
It’s tragic as I watch democrats walking around as though they could die any minute! Walking around in masks while telling us this is the new normal! In his perverse way, it was funny watching Biden come out of his basement wearing his mask to show us he’s still alive. I think the virus will be used as a reason for the Biden campaign to remain hidden. Let’s face it, Biden doesn’t have any energy! He lacks energy just like he lacks integrity! I thank God we have an authentic, genuine, hard working honest person in the White House! Trump 2020!
WOO HOO! Finally. Thank you, President TRUMP!!!
If we can just get government intervention out of the medical and insurance businesses altogether, a free capitalist market will naturally lower the costs of everything having to do with our health. The U.S. was never meant for government social control.
The cost of insulin and other life saving drugs MUST be cut for Everyone!
Lowering the insulin copay is great. However, if the drug companies insist that the total cost for insulin is $1500 Per month, the “donut hole” is reached early in the year. The cost of insulin and other medications then are the total cost, $1535 for insulin. Has THIS problem been addresses?
I just can’t see anyone being able to pull a lever on a voting machine, with a clear conscience, for anyone other than President Trump. I’m amazed and awed every day by his concerns for America and its citizens. This is what happens folks when you don’t elect a lifetime politician and elect an honest person who does what they say they will.
Trump 2020 KMAGA&A!!!!
What about the price of insulin for everyone??? My granddaughter was diagnosed with Type 1 (Juvenile) diabetes at age 7. She’s now 20, and the price of insulin is terrible, as well as the prices for the needed supplies. Type 1 diabetics HAVE to have insulin to survive, and they’re at the mercy of BigPharma! (It’s so sad, that BigPharma, Pfizer in particular, got to Trump before he actually formed a commission for vaccine safety, to have been headed by RFK, Jr.) I’m deeply disturbed by the extent that BigPharma has control of so many aspects of our lives.
We still have a hurdle to go to get away from a socialist medical system. The Dems. keep pushing for money to keep the old Obama care system going. It’s good to know Trump is doing what he can for health care.
Can we adapt to other RX drugs 2 IE organic & OTC A-Z
Needed.
Can we adapt to other RX drugs 2 IE organic & OTC A-Z
Needed.