The Latest Updates on Medicare for June

hourglass with text reading the latest updates on Medicare in June

The Latest Updates on Medicare for June

Each month, Medicare World takes a look back on the latest news and trends that are important to Medicare beneficiaries. Here’s our report for the month of June.

Will Trump allow Medicare to negotiate drug prices?

Since the start of his campaign, Trump has been promising to allow Medicare to negotiate drug prices. However, his administration released a 44-page paper titled “American Patients First” detailing ways to work around the system instead of fixing it. The blueprint includes shifting some medications from Part D coverage to Part B coverage as well as increasing premiums.

Is Medicare running out of money?

News outlets all around the country have been reporting that Medicare will become insolvent, or run out of money, by 2026, three years earlier than anticipated. However, this isn’t necessarily something to panic about. Medicare becoming insolvent just means that Medicare will need to increase payroll taxes or use general revenue to support Medicare Part A. The important take-away is that Medicare will not stop paying your benefits.

Lifestyle tips

We also reported on the biggest Medicare mistakes enrollees make, the ins-and-outs of Medicare savings programs, and weighed the pros and cons of invisible hearing aids.

 

 

 

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