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Americans on Medicare to Pay Lower Premiums After Spending Overestimated

  • Restrictions on Biogen Alzheimer’s drug led to lower costs
  • Decrease doesn’t fully reverse previous year’s rate hikes
Updated on

President Joe Biden hailed a drop in premiums for the elderly and disabled on Medicare and lashed out at Republicans for opposing measures he said would also ease the burden on American families.

Speaking at the White House on Tuesday, Biden said the premium cut shows his administration is reducing costs for health-care services, even though last year’s payments were inflated due to costs associated with a new Alzheimer’s drug.