Trump’s Proposed Drug-Discount Cards Will Be Funded by a Medicare Trust Fund - (The Wall Street Journal via NewsPoints Desk)

  • A US administration official says a plan by President Donald Trump to send $200 discount cards for prescription drugs to 33 million seniors will be funded by a Medicare trust fund, reported The Wall Street Journal.

  • Trump recently pledged to send the discount cards to people on Medicare, without offering details on how the federal government would implement such a plan.

  • He said Medicare beneficiaries will soon receive a card in the mail that can be used to help pay for up to $200 in prescription drug costs, a plan that is expected to be valued at more than $6 billion.

  • A White House official indicated that the cards will be mailed out in the coming weeks and could be used to pay for the cost of prescription-drug copays.

  • According to the administration official, the money would be disbursed as prescription discounts from a Medicare trust fund, under a program that allows officials to waive Medicare's laws or standards to test new initiatives. 

  • The announcement comes after the Trump administration tried to negotiate a similar discount-card program with drug companies, but trade group PhRMA walked away from the discussions, saying the "one-time savings cards will neither provide lasting help nor advance the fundamental reforms necessary to help seniors better afford their medicines."

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