New York Governor Kathy Hochul and Senator Kirsten Gillibrand are sounding the alarm over a looming price hike for Medicare Part D, a program that helps millions of Americans pay for prescription medications. In a recent statement, the duo warned that the early end to subsidies for the program could lead to a staggering 40% increase in prices for beneficiaries. The move, which is set to take effect next year, has left many concerned about the financial burden it will place on seniors and individuals with chronic health conditions who rely on these medications to stay healthy. As the deadline approaches, Hochul and Gillibrand are pushing for a solution to mitigate the impact of these price hikes and ensure that Medicare recipients can continue to access the care they need.
Hochul, Gillibrand decry early end to Medicare Part D subsidies, warn of 40% price hikes NEWS10 ABC
