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AMAC at the White House as President Trump Announces New Plan to Lower Insulin Costs

AMAC

AMAC member gives video testimony

AMAC Action President Bob Carlstrom was at the Rose Garden with other guests yesterday as President Trump made a significant announcement regarding the price of insulin. Starting in 2021, many Medicare Part D plans and Medicare Advantage plans have applied to offer lower out-of-pocket insulin costs for seniors. Participating enhanced Part D plans will provide many seniors with Medicare access to a broad set of insulins at a maximum copay of just $35 for a month’s supply of each insulin. A video statement from AMAC member Alan Arnfield describing his experience with paying for expensive insulin was played during the announcement.

Many AMAC members are prescribed insulin to help manage their diabetes, and they tell us of the hard choices they have to make in order to purchase their insulin, like rationing it or going without some of the basic necessities of life to afford it. This reduced price will have a significant effect on both the health and quality of life for seniors throughout the country.

President Trump and his administration have worked tirelessly to provide quality, affordable healthcare for our America’s seniors. Last year, the President signed an executive order to promote quality care for our seniors and improve the fiscal sustainability of Medicare. Under President Trump, average basic premiums for Medicare Part D plans are their lowest in 7 years. Part D premiums have fallen by 13.5 percent since 2017, saving beneficiaries $1.9 billion in premium costs.

Watch the Announcement

Andrew Mangione is Senior Vice President for AMAC’s advocacy affiliate, AMAC Action. He leads AMAC’s grassroots efforts, represents AMAC’s membership in Washington, D.C., and helps chart the association’s policy course. He also serves as a national spokesperson.

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Caryn Jaeschke
1 year ago

Read the article closely. 2 catch words, “many” and “participating”. Not ALL and only participating plans, meaning not all seniors on Medicare using insulin will benefit from these savings. I wouldn’t hold my breath. It’s the government. Unless you’re dirt poor or know exactly which plan will be “Participating”, you’ll still have to deal with the donut hole and expensive insulin.

Sally
1 year ago

As a Certified Diabetes Care and Education Specialty Nurse the costs of insulin are a hurdle I help people with daily. There are 2 issues that still remain despite this move, that also need addressing:
1) the speed at which insulin costs land one in the Medicare Coverage Gap.
2) the fact insulin insulin used in insulin pump is only covered under Part B, and is not supposed to be billed under Part D. Under Part B a person still must pay 20% of the cost of their insulin – which is unaffordable for many.
I celebrate every step forward but know details such as these are so often overlooked in trying to solve the high costs of living with diabetes.

Stephen Swaidner
1 year ago
Reply to  Sally

Thank you for your insight.

Ann Hadzimihalis
1 year ago

I am paying $45 a month for my insulin so $35 is not a great decrease. It seems strange to me that I pay medicare every month out of my social security check and I have to buy supplemental insurance which does not cover the rest. Still the big drug companies are making lots of money and we, the senior citizens are being taken to the cleaners. I think our medicare and supplemental insurance should cover it all.

Wayne
1 year ago

I like President Trump, but I’m skeptical that he can lower the cost of insulin. Does he have a secret process by which it can be produced more cheaply? Or is AMAC confusing cost with price?

JohnH
1 year ago

Good for insulin, but Trump needs to quit going goofy on Twitter tweets. The shooting will start on looters, comments on Thugs, Bash of Twitter & threats of executive order to control media, commenting on judicial decisions, and bashing of reporters & anyone that does not agree with him. Furthermore, what are Trump & Pompeo thinking when they are tossing out the Wuhan accusations to the entire world. Usually, the best way to make a deal is in closed meetings & not in public. Does Trump listen to anyone else , or no.??????

Person
5 months ago
Reply to  JohnH

So you’re saying the president should allow lawlessness in the country? Allow criminals to get away with criminal behavior?

‘Nonymous
1 year ago

Just imagin what President Trump could accomplish if not surrounded by the treasonous liberal component of congress

John baine
1 year ago
Reply to  ‘Nonymous

Join the discussion…how True.

Diana Osgood
1 year ago

I’ve supported President Trump since we elected him and he has not disappointed. He’s done more for the American people than any president in recent history.

Jeannie Huppert
1 year ago

In God’s Bible He Promised over 100 Scriptures re: HEALING. I utilize & confess God’s Scriptures every day. Result: I’m in 70s, have NOT been to doctor, hosp., etc. for at least 3 yr., feel GREAT. Christian’s Jehovah Jireh Meets ALL my needs every day. Just like: ride bike, operate computer, etc., we need to follow Instructions to get desired results. “Torah” means Instruction. :)

wally sanderson
1 year ago

I don’t know how the reduction in Medicare premiums is figured, but I haven’t received an increase in my Social Security benefit in 5 years because the ‘raise’ is exactly the increase in Medicare premium, so no increase in my monthly income at my bank. I just can’t see any reduction in Medicare premiums.

Al Root
1 year ago

Will this impact to cost of insulin for younger people as well?

Sharon Ormsby
1 year ago

That’s better but should be for everyone. I would hope it would be for all types.

Emma C Williams
1 year ago

Is this $35 copay available during the donut hole. If not, this will save $10/mon for which I’m grateful because every little bit helps. However I usually hit the donut home mid-year and am required to pay full price of around $125 to over $300 for 30 vs 90-day supply respectively.

JohnH
1 year ago

Good question, go to AARP & they can answer probably.

Brenda Blunt
1 year ago

Medicare should be allowed to negotiate drug prices that other government agencies do. Taxpayers deserve to obtain the best prices since the volume is there!!

James
1 year ago

It’s tragic as I watch democrats walking around as though they could die any minute! Walking around in masks while telling us this is the new normal! In his perverse way, it was funny watching Biden come out of his basement wearing his mask to show us he’s still alive. I think the virus will be used as a reason for the Biden campaign to remain hidden. Let’s face it, Biden doesn’t have any energy! He lacks energy just like he lacks integrity! I thank God we have an authentic, genuine, hard working honest person in the White House! Trump 2020!

JohnH
1 year ago
Reply to  James

Biden & wife wearing masks is setting a good example & not funny as you claim. The President & VP claim that they set the guidelines for America, but evidently do not believe they need to follow

Person
5 months ago
Reply to  JohnH

Biden signed an EO for mandatory masks in federal building and then immediately broke his own EO by going maskless along with his friends at the Lincoln Memorial.

Deanna Young
1 year ago

WOO HOO! Finally. Thank you, President TRUMP!!!

Robin W Boyd
1 year ago

If we can just get government intervention out of the medical and insurance businesses altogether, a free capitalist market will naturally lower the costs of everything having to do with our health. The U.S. was never meant for government social control.

mark bucklin
1 year ago
Reply to  Robin W Boyd

Laser eye surgery being perhaps the best illustration of your point.

Word of Truth
1 year ago
Reply to  Robin W Boyd

There has been nothing stopping suppliers of insulin from lowering prices but instead they have dramatically increased prices. Their attitude has been “pay or die”. Sometimes the government needs to get involved when the citizens are being taken advantage of. I thank President Trump and AMAC for supporting this effort. However, why do we have to wait until September of 2021 for this to happen?

Linda Hutson
1 year ago

The cost of insulin and other life saving drugs MUST be cut for Everyone!

Marsh
1 year ago
Reply to  Linda Hutson

How about including Eliquis??

Linda Roberts
1 year ago

Lowering the insulin copay is great. However, if the drug companies insist that the total cost for insulin is $1500 Per month, the “donut hole” is reached early in the year. The cost of insulin and other medications then are the total cost, $1535 for insulin. Has THIS problem been addresses?

Kathryn walsworth
1 year ago
Reply to  Linda Roberts

That is my question also!!if the price is not reduced by the drug co., I will be stuck with the same problem I have now! I pay a copay of 35.00 a bottle for a 3 month supply but use 2 different insulinskper day! R&N ,so I go into the donut hole after 2 orders ?

Sergio Olivares
1 year ago
Reply to  Linda Roberts

Linda I think many people know there many alternatives for people with medical conditions as diabetes “but don’t look for solutions”
The number one –Alternative is a change fife style “the why their eating and exercise is important” and No. two Supplement you body for energy…Do not let Drugs & pharmacy companies rob your $$$

Christine Henning
1 year ago
Reply to  Linda Roberts

I am now paying $247.00 per month for Victoza! I take Trishiba also which is about $50 per month. I live off of social security. The info I received is that the actual cost is $700 for Victoza. All these numbers are inflated. How can we fight these charges? I do not want to die because I can’t afford the medicine. Let us know how all of us diabetics can help with these corrupt pharmaceutical companies.

Patsy Thomas
1 year ago
Reply to  Linda Roberts

Encourage your children to stay slim from childhood….may not always be enough, but might help!

JohnH
1 year ago
Reply to  Linda Roberts

This is a very good question, the Donut Hole would put you in this early, but if you pay $400 a month & it is really $15000 would not that be same difference. Where did you get the $1500 number????

Mary Green
1 year ago
Reply to  Linda Roberts

When you enter the Donut Hole, your out of pocket cost will be 25% of retail cost, NOT the full cost of the medication. I looked up the cost of several insulins (on the Goodrx website) and here is what I found. Novolin R- $93/10ml vial,
Humulin R- $183/10ml vial, Humulin R Kwikpen- $352/pen, Novolin N-$92/10ml vial, Humulin N-$183/10ml vial, Humulin N Kwikpen- $117/pen, and so forth. In the Donut Hole, divide those prices by 4. I’m an insurance agent who helps people choose/set up their Medicare necessities and drugs and Part D plans are one aspect of that. There are some pricey options on the market but people seem to have forgotten the old tried-and-true options that are still available and way cheaper.

Stephen Swaidner
1 year ago
Reply to  Mary Green

Ok, so the price is not retail, and the manufacturers have agreed on some alleged contract price which is still insanely expensive. Instead of a copay of $40 for the medication the donut hole puts a patient having medicine that is $700 a month(full price) or $140(20%) price plus the $40 copay which escalates the price to $280 for the month for just one medication. If you have two similarly priced meds the cost is now $560 a month. But this donut hole takes all of your medications to the 20 or 25% pay level which has to be maintained until $6700 worth of meds have been purchased. So sometime after November the first you can get meds only until the end of December for the original co-pay amount, maybe. After that the rigged system starts all over again. Total cost for the year at close to $8000 a year for just some very inexpensive ones. How much kickback do the brokers, agents and manufactures get from the government Medicare system in addition to what the senior citizens are conned out of?

Jack
1 year ago

I just can’t see anyone being able to pull a lever on a voting machine, with a clear conscience, for anyone other than President Trump. I’m amazed and awed every day by his concerns for America and its citizens. This is what happens folks when you don’t elect a lifetime politician and elect an honest person who does what they say they will.
Trump 2020 KMAGA&A!!!!

Maxine Erickson
1 year ago
Reply to  Jack

Amen, Jack
The Lord God set up this nation under His chosen men who set up America’s Constitution, Declaration of Independence. God’s word says, Duty of man is to follow the 10 Commandments and Love our Lord God above all and our neighbor as self. There is where our problems arise…neglecting God’s directions. When His people (who call themselves by His name) straighten up their ways He will Heal the Land. 2 Chronicles 7:14. Encourage people to read their Bibles, don’t use one with changed words to fit what sins they want that God says NO to. Nothing happens but God allows it, He said so. God waits for us to repent and recant starts with myself.

Fred Loe
1 year ago
Reply to  Jack

Best quote of the month! Only problem is brain washed and stupid people cannot think for themselves do emotional decisions based on fakenews from Facebook and all the media.

Sergio Olivares
1 year ago
Reply to  Jack

Jack you are absolutely right and let people know what you stand for and what you will not stand for, that’s why We “AMAC” and president D. J. Trump stands for “MAGA” and count your blessings.

Tony
1 year ago
Reply to  Jack

I couldn’t have said it better myself!! ??

Patriot Will
1 year ago

I am always impressed by President Trump’s energy and dedication to the American people. He does not like picking winners and losers. He actually is very good at picking winners and winners. President Trump is a candidate for all of us who are in this country legally. I pray he has another term as chief executive of the USA. If the media were more honest, he would be easily reelected!

Sergio Olivares
1 year ago
Reply to  Patriot Will

Yes Will President Trump stand for his own will and dedication for the “All American Citizens” But unfortunately some media news reporters seem unable to deal with balance truth, to the contrary. The negative become the stuff of the headlines in many cases are a caricature of the facts and a distortion of the truth. We have a “Great USA Commander in Chief” and a winner for 2020

Patriot Will
1 year ago

Agree with you Sergio very strongly. Too bad, so many reporters are ethically challenged. President Trump should be praised by everyone who is a true patriot.

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