WASHINGTON, Aug. 5 -- Sen. Kirsten Gillibrand issued the following press release:

Trump Administration Decision Will Raise Premiums For As Many As 1.3 Million New Yorkers

Today, U.S. Senator Kirsten Gillibrand (D-NY) held a virtual press conference to slam the Trump administration for its decision to end subsidies that lower prescription drug costs for Medicare recipients.

"The Trump administration's decision to end critical Medicare subsidies that help seniors afford life-saving medication is a betrayal of our values," said Senator Gillibrand. "This administration has money for bombs abroad, but not for our seniors here at home. I'm urging President Trump to reverse these Medicare cuts now and instead take action to lower costs for Amer...