Trump promises $100 checks for 20 million seniors for Medicare
President Trump late Friday night said the administration would send just under $100 to more than 20 million senior citizens to help pay for Medicare benefits. Why it matters: A month before the midterm, the president is adding another roughly $2 billion to a recent spate of promised refunds, rebates and dividends for various Americans. What he's saying: " I am pleased to announce that my…
President Trump announced on Friday night that his administration will send checks of nearly $100 to over 20 million senior citizens to help cover their Medicare Part B premiums. The money will come from the Medicare Improvement Fund, which Trump has labeled as a "slush fund." The White House stated that eligible seniors will receive a direct deposit of $90 in early October or paper checks for those without direct deposit.
Despite the standard Part B premium being $202.90 per month, the $90 credit will only cover less than half of one month's bill. With the midterm elections approaching and the president facing low economic approval ratings, Trump is attempting to put money back into Americans' pockets. He previously promised $5,000 for every adult citizen if Republicans win the midterm, though many voters doubt this claim.
Other proposals include $500 Obamacare rebates and a potential dividend for those living near data centers. Payments are expected to begin in the coming days.
Written by urgent.news from Axios's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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