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Trump Announces $90 Medicare Payments, Promises $5,000 Checks if GOP Wins

President says 20 million seniors will receive one-time payments from Medicare Improvement Fund in October.

Sources: El Universal, El Financiero, El Diario de Yucatán3 sources ↓|· 1 min read

KEY POINTS

  • Trump announces $90 one-time payments to over 20 million Medicare Part B beneficiaries in October.
  • Payments sourced from the Medicare Improvement Fund established in 2008.
  • Trump renews promise of $5,000 "Trump Dividend" per adult citizen if GOP wins November midterms.
  • President claims $1 trillion cost offset by $21 trillion in investments; experts dispute figure.
  • Trump alleges Medicare near ruin under Biden due to illegal immigration.

President Donald Trump announced Saturday that his administration will send a one-time payment of $90 to more than 20 million seniors enrolled in Medicare Part B. The White House confirmed the funds will be drawn from the Medicare Improvement Fund, a flexible financing mechanism established by Congress in 2008. Beneficiaries can expect the payment via direct deposit or check during October.

Trump also repeated his pledge to distribute a "Trump Dividend" of $5,000 to every adult U.S. citizen if Republicans win control of the House and Senate in the November midterm elections. He claimed the roughly $1 trillion cost would be offset by $21 trillion in promised investments, a figure not verified by White House data or private sector announcements.

“I promised to protect and preserve Medicare and Social Security — which were on the verge of RUIN because of Joe Biden.”

— Donald Trump

The president argued that Medicare and Social Security were near ruin under former President Joe Biden due to illegal immigration. He also referenced separate reimbursement checks being sent to one million Americans overcharged for Affordable Care Act plans. Trump urged voters to support Republican candidates on November 3.

READ THE FULL STORYat El Universal

2 more sources below

TOPICS

#Health#Economy#Election#Tax

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