Announcement of Medicare Improvements for Seniors

Today, I'm thrilled to make an announcement

benefiting millions of America's incredible seniors.

For years, Washington's politicians have funneled

money to a

little-known government program called the Medicare Improvement Fund.

It has billions of dollars, but for its entire existence,

past presidents and Congress never spent the

money to actually improve Medicare.

Premiums rose, and Americans on Medicare suffered

greatly. But under our leadership, we're finally going to use

the Medicare Improvement Fund to do what it was

designed and intended to do: help

America's seniors. I'm pleased to announce that

over 20 million seniors on Medicare will soon be

receiving a deposit of nearly $100 directly

into their bank accounts. Through our war on fraud,

we have already reduced your Medicare premiums by

$132 per year, which is a record.

Now, October premiums will be offset with these

additional funds, and seniors will be able to use that money

for their healthcare needs. The payments will be going out

within days. You'll get your money almost

immediately. In everything we do, we're looking out for

America's people and America's seniors and putting more

money in your pockets. Thank you very much.