“We don’t need more PR stunts designed to distract us from the reality that President Trump has done more to help the drug corporations with big tax breaks than he has to help seniors struggling to afford medicine.”
Trump attempting to raid Medicare trust fund in ‘shameless stunt’ to pay for drug discount cards: report – Alternet.org
Lucian K. Truscott IV
October 09, 2020
Less than a month away from the November election, Trump administration officials are reportedly rushing to implement the president’s recent proposal to send $200 prescription drug discount cards to nearly 40 million Medicare recipients—an $8 billion plan that would be financed by dipping into the Medicare trust fund.
Politico reported Thursday that the administration is “seeking to finalize the plan as soon as Friday and send letters to 39 million Medicare beneficiaries next week, informing seniors of Trump’s new effort to lower their drug costs, although many seniors would not receive the actual cards until after the election.” While the design of the cards has yet to be finalized, officials are reportedly discussing ways to put Trump’s name on them.
Trump owns shares in both Regeneron and remdesivir manufacturer. See articles below.
“It’s a shameless stunt that steals billions from Medicare in order to fund a legally dubious scheme that’s clearly intended to benefit President Trump’s campaign right before Election Day.” —Rep. Frank Pallone Jr.
The plan would cost $7.9 billion, according to Politico, with $19 million going toward letters touting the initiative, which advocacy groups and Democratic lawmakers are denouncing as an obvious and potentially unlawful campaign ploy that would provide little relief for the millions impacted by obscenely high drug prices.
“There it is: Trump wants to steal billions from Medicare to pay for an illegal voter bribery scheme weeks before the election,” tweeted Rep. Bill Pascrell Jr. (D-N.J.). Rep. Frank Pallone Jr. (D-N.J.), chairman of the House Energy and Commerce Committee, echoed Pascrell in a statement to Politico. “It’s a shameless stunt that steals billions from Medicare in order to fund a legally dubious scheme that’s clearly intended to benefit President Trump’s campaign right before Election Day,” said Pallone.