President Biden has taken a number of actions to improve health insurance for seniors, including:
- Expanding eligibility for Medicare Part D Extra Help: This program provides financial assistance to low-income seniors with the cost of their Medicare Part D prescription drug coverage. Biden has expanded eligibility for this program to individuals with incomes up to 150% of the federal poverty level.
- Capping out-of-pocket prescription drug costs at $2,000 per year: This will prevent seniors from having to pay more than $2,000 per year for their prescription drugs.
- Requiring drug companies to pay Medicare a rebate if they raise prices faster than inflation: This will help to slow the growth of prescription drug prices.
- Allowing Medicare to negotiate prescription drug prices: This would give Medicare the power to negotiate lower prices for prescription drugs, which could save seniors billions of dollars.
These are just a few of the actions that President Biden has taken to improve health insurance for seniors. These actions have helped to make Medicare more affordable and accessible for seniors, and they have put a downward pressure on prescription drug prices.
In addition to these actions, President Biden has also proposed a number of other changes to Medicare, including:
- Adding dental, vision, and hearing coverage to Medicare: This would provide seniors with comprehensive coverage for their dental, vision, and hearing needs.
- Allowing Medicare to cover hearing aids: This would make hearing aids more affordable for seniors.
- Expanding access to telehealth: This would make it easier for seniors to receive the care they need without having to travel to a doctor’s office.
These are just a few of the proposals that President Biden has made to improve Medicare. If these proposals are enacted, they would make Medicare even more comprehensive and affordable for seniors.