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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