Video transcript
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-owned 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 health care 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.
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