The funds will be allocated from the Medicare Improvement Fund. Congress allocated $2 billion to the fund to improve the Medicare program.
“I am pleased to announce that my administration will immediately begin sending ‘checks’ of nearly $100 to more than 20 million wonderful elderly Americans to help them pay their Medicare Part B insurance premiums,” Trump wrote.
The president noted that these payments are unrelated to a separate program to refund money to approximately 1 million Americans who, according to his administration, overpaid for health insurance plans under the U.S. Patient Protection and Affordable Care Act (Affordable Care Act, ACA).
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