Trump To Send Seniors $200 Drug Discount Cards By Borrowing $7B From Program That Does Not Yet Exist

STAT News reports:

President Trump on Thursday pledged to send $200 prescription drug coupons to 33 million Medicare beneficiaries “in the coming weeks,” a political ploy to curry favor with seniors who view drug prices as a priority.

The administration is getting its authority to ship the coupons from a Medicare demonstration program, a White House spokesman told STAT in a statement. The nearly $7 billion required to send the coupons, he said, would come from savings from Trump’s “most favored nations” drug pricing proposal.

That regulation has also not yet been implemented — meaning the Trump administration is effectively pledging to spend $6.6 billion in savings that do not currently exist. The cards, he said, would be “actual discount cards for prescription drug copays.”