The presidential election campaign between Republican candidate Donald Trump and Democratic Party’s Kamala Harris has gained the attention of many people in the world, and for many Americans, this is the time to pay attention to the policies proposed by both candidates.
One of the bones of contention for both candidates will be their policy on Medicare. If you are a beneficiary of Medicare, here is what each of the candidates’ plans will be. One major difference between both proposals is that Trump has promised to reduce the cost of Medicare for older citizens, while the Harris campaign has made it a goal to focus more attention on the Obamacare policy. More than these, let’s examine them each.
The Trump Medicare plan proposal
Former president Donald Trump has consistently reiterated his plans to not cut down on Medicare as well as not increase the age for people who should receive Medicare. This plan is communicated in his official campaign platform, where he has outlined his plans for Medicare.
The Trump campaign will also stop the finances marked out for Medicare from being crushed while also stopping it from being overloaded with illegal immigrants who will receive the medical care that is originally due to American citizens.
More than this, the Trump administration has also stated that it will increase transparency, seek promotion of choice, and also seek to increase competition. The administration also promised to ensure that aged citizens who receive Medicare will not have to be weighed down by the cost of paying for medical care.
The Medicare proposal by the Harris campaign
It appears that Vice President Kamala Harris has changed her plans for Medicare. This comes after it was revealed that she will no longer follow the route of Medical Care for All.
The Harris campaign will, however, be willing to take pragmatic steps that will see it achieve its goals for Medicare. To achieve this, the prices of medication will be renegotiated to reduce them, and there will also be plans to back the Obamacare policy, which also saw the support of the Biden Administration.
While there have generally been some divisions about the planned action of the Harris campaign to not follow a new Medicare plan, it is believed that people who have been advocates of Medicare for All have come to understand her decision to not follow up on the plan of ‘Medicare for All.’
How will both decisions affect beneficiaries of Medicare?
If you are a Medicare beneficiary, you will need to pay attention to how the policies of each candidate affect you. One way to do this is by examining the previous achievements of the Medicare plans of the candidates.
As president, Donald Trump in his first stint at the White House was able to reduce Medicare Advantage premiums by 34% across the nation. This figure represented the lowest it had been in 14 years and largely contributed to savings in Medicare health plan premiums totaling up to $1.5 billion since 2017.
The Biden-Harris administration is not far behind in its achievements, as the Harris-Walz campaign will also seek to mirror their strategy. In August 2022, the Biden-Hareks administration made the Inflation Reduction Act a law. This saw the reduction of the cost of prescription drugs and premium costs for senior citizens and many families in the United States.
With both candidates communicating their plans for Medicare, it remains to be seen who the people of America favor at the poll in November.
