September 27,2022

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Wyden Cheers Lower Medicare Premiums for Seniors

Finance Chairman Touts Lower Health Costs After President Biden Announces Lower Part B Premiums Next Year

Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., today issued a statement after President Joe Biden announced that Medicare Part B premiums would go down next year.

“I am very pleased that older Americans will see lower health care costs next year,” Wyden said. “Medicare Part B, which primarily pays for visits to the doctor and other outpatient care, is key to seniors’ health. This announcement, in addition to Democrats’ work with the Inflation Reduction Act, is going to put more money in Americans’ pockets when they need it most. It’s important to remember that Part B premiums almost increased by record amounts due to a single high cost prescription drug. That’s why steps like Medicare negotiation are so critical to hold down costs.”

Earlier this year, Wyden called on the Biden Administration to take action to lower seniors’ Medicare Part B premiums.