Understands it complex organization, however he comprehends it extremely well. Today, my administration is taking action on every piece of the executive order I signed on prescription drug importation in July. The American people pay approximately over listen to this 3 times more for medication than Canadians. So you might be two feet away on each side of the border three times more.
Canada is much more than lots of other nations. My strategy will enable states, wholesalers, and pharmacies to do something profession politicians have assured for years due to the fact that it was extremely basic as a concept but never provided. We will lastly allow the safe and legal importation of prescription drugs from Canada.
Enormous varieties of tremendous numbers. Florida wishes to do it, Colorado desires to do it many states want to do it, and they will be doing it. However that's still higher than the favored countries. So as preferred nations begins, I believe that probably beats everybody no matter where you are, no matter where you're attempting to buy.
And by allowing you to do this through Canada, we're doing it really, really quickly. So it goes very quick. And the brand-new guideline enters into result since today. Is that fast enough? I believe so. What do you believe? (Applause.) Our congressmen. The America First Healthcare Strategy consists of another historic arrangement to benefit our great seniors.
No one has seen this in the past. These cards are unbelievable. The cards will be sent by mail out in coming weeks. I will always look after our fantastic seniors. Joe Biden will not be doing this. (Applause.) And this is likewise partially because of the incredible money that we're going to be conserving with the preferred countries and different other things that we have actually done.
I had no idea, but I have had numerous physicians who I have excellent regard for, by the way, come to me. And I stated, "Well what's the distinction in between this and this?" One is an extremely well-known name; one is just a tablet in a bottle without any tag on it.
So we've approved more generic drugs than any person at a quick pace too. We're also requiring that low-income patients get the advantages of federal government discounts on insulin and the EpiPen, and that you understand, that is a huge that is a big offer. That is a huge offer. Insulin is among the most common medicines for seniors.
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Insulin costs skyrocketed under the last administration like you wouldn't believe. Right, Seema? Under my plan, hundreds of thousands of Medicare clients will see their insulin expenses capped at simply $35 a month. That's a 66 percent expense reduction. (Applause.) And this function will be avail- offered on over 1,600 Medicare strategies that elders can begin registering for starting October 1st.
This insulin, which they were just ripping you on, is close to being complimentary even lower than the $35 a month. So, you did a wonderful job on that. Thank you quite. (Applause.) And Seema would concern my workplace, "Sir, I have something so interesting." She dealt with that for a very long time in getting that done.
If you need insulin a lot of people were going without it. They simply could not manage it. Now they can definitely manage it. We'll accelerate our relentless effort to conserve seniors cash on their premiums. Because I took office, we reduced Medicare Part D premiums by 12 percent, Medicare Advantage premiums are likewise down considerably a 44 percent reduction in North Carolina (applause).
Forty-three percent lower in Pennsylvania - how much do home health care agencies charge. And a 54 percent lower price in Michigan. So that's something. (Applause.) And we have them all over the country. All over the nation, there are numbers easily. We'll ensure that all elders pay the exact same price for the very same service, whether at a health center, a surgery center, or a doctor's office.
We're talking about the billions. And it also saves our government a great deal of cash, however we'll conserve our seniors billions of dollars a year. Fantastic job. We're putting into location the biggest bundle of conserving for elders of any administration in history. No administration is even near to what we have actually done.
And I never even get criticized for saying it. That must mean it holds true, right? My congressman and my terrific senator. (Applause.) Under the Democrat strategy, costs will increase. Our elders will lose the benefits they paid into their entire I mean, they have actually been paying for their whole lives tremendous amounts of cash all to fund socialism and open borders.
However we assist our friends and we assist socialism all over the world and we injured our individuals, and we're refraining from doing that any longer. (Applause.) As long as I'm President, nobody will lay a hand on your Medicare. Your Medicare is going to be safe and it's going to be strong.
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That's much better care for American patients. (Applause.) The historic action I'm taking today consists of the first-ever executive order to affirm it is the main policy of the United States government to protect patients with preexisting conditions (how many health care workers have died from covid). So we're making that official. (Applause.) We're putting it down in a (inaudible) since our opponents, the Democrats, like to continuously speak about it, and yet pre-existing conditions are much more secure with us than they are with them.
This is verified, signed, and done so we can put that to rest. They'll say it anyway because it's disinformation. (Applause.) Disinformation. Exact same thing chooses Social Security. Remember, during the last campaign 4 years back, they kept saying I was going to damage Social Security? I made Social Security stronger, much better.
So Social Security absolutely nothing occurred. I keep saying, "Whatever occurred to Social Security?" Keep in mind? "He is going to right away attack." No, simply the opposite. Your Social Security is 100 percent with me, however it's not one hundred percent with them. Any healthcare reform legislation that comes to my desk from Congress need to safeguard the preexisting conditions or I will not sign it.
We're putting it down, and we have it signed and we have it sealed (western societies:). (Applause.) The brand-new Democrat lie is that they will cover pre-existing conditions, but in truth, the socialist takeover, financial shutdowns that they speak about if you look at this state, frankly, where you have Democrat guvs, Democrat leaders.
Pennsylvania you have a look at what's going on in Pennsylvania with the shutdown. We simply Rehab Center won a huge lawsuit, where a judge a fantastic federal judge ruled it unconstitutional what they were doing. They're injuring individuals. There's damage on the side of a shutdown. Individuals do not understand, with suicides, and drug use, and all of the alcohol.
And Michigan is another state the shutdown is extremely serious. By the way, on November fourth, I make sure whatever will be open. They'll reveal on the night of November 3rd that we're opening up. (Applause.) Unless these unsolicited tallies do not come in for weeks and weeks and weeks, you know? They want them to come in over an extended period of time.