President Biden’s 2024 Budget Would Strengthen, Improve Medicare - Strengthening Medicare Financing

The budget strengthens provisions of the Inflation Reduction Act that allow Medicare to negotiate lower prices for certain drugs for the first time. [...] Improving Medicare Benefits The budget contains proposals to improve Medicare benefits that would cost a total of $7.9 billion over the 2024-2033 period. [...] To advance the Administration’s goal of transforming behavioral health, the budget includes proposals to reduce costs and expand access to behavioral health care services in Medicare. [...] As part of the Administration’s strategy to end hunger, improve nutrition, and reduce diet-related diseases, the budget proposes to expand Medicare coverage of nutrition and obesity counseling. [...] To reduce administrative barriers to enrollment in the Medicare Savings Programs (which help people with low incomes afford basic Medicare premiums and cost sharing) and the low-income prescription drug subsidy (which helps them afford their medications), the budget would align their eligibility methodologies to use common definitions of income and assets.