Trump Pledges $90 Medicare Premium Each To 20 Million Seniors
That pledge - which would require approval from Congress - would likely cost more than $1 trillion, adding to the deficit and worsening inflation.
President Donald Trump has announced that his administration will send a one-time payment of $90 to over 20 million senior citizens to help offset their Medicare Part B premium costs. The payments, which are expected to total around $2 billion, will come from the Medicare Improvement Fund.
According to the White House, eligible seniors will receive a direct deposit of $90 in early October, or a paper check if they do not have direct deposit. The standard Medicare Part B premium is $202.90 a month, so the $90 credit will offset less than half of one month's bill.
The pledge, which would require approval from Congress, is seen as a move to boost Trump's approval ratings ahead of the midterm elections. The cost of the plan is likely to add to the deficit and worsen inflation, according to NDTV.
Brief written by urgent.news from NDTV, Winnipeg Free Press, The Hill, Axios, Business Recorder — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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