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On Medicare? Extra Money May Be Coming Your Way

On Medicare? Extra Money May Be Coming Your Way

Medicare beneficiaries may be in line for a windfall at a time when Americans of all ages are desperate for financial relief. On Sept. 24, President Trump announced that his administration wants to send out $200 payments to Medicare enrollees to help them cover the cost of prescription drugs. One thought is that the source will be savings from a program the Trump administration has proposed to tie the price of some Medicare-covered drugs to the lower prices available in other countries -- countries where the government has the authority to negotiate with pharmaceutical companies.