Medicare beneficiaries will soon receive a debit card in the mail that they can use to pay for prescription drugs.
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.
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: