The Trump administration is ending a key health insurance subsidy program that aimed to keep premiums for seniors’ prescription drug plans in check, claiming that it benefits corporate insurance companies, according to Centers for Medicare & Medicaid Services Administrator Mehmet Oz.
Medicare Part D — the government health insurance program’s prescription drug benefit — is used by tens of millions of older or disabled beneficiaries.
The program’s subsidies are set to expire at the end of the year, the administration announced Tuesday.
https://www.yahoo.com/news/politics/articles/trump-administration-end-medicare-part-121200737.html
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