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A new regulation benefits companies that make medical equipment, like scooters. Photo: Robert Nickelsberg/Getty Images

The Trump administration on Wednesday signed off on a regulation crafted during Tom Price's days that will revert to a system in which Medicare will pay medical equipment suppliers more money, starting June 1 and going through the end of the year.

The bottom line: Companies that make oxygen tanks, scooters, insulin pumps and other medical equipment will get $360 million in additional revenue this year, with taxpayers and seniors footing the bill.

Flashback: When Price was secretary of Health and Human Services, he advocated for going back to the higher "blended rates" for medical equipment suppliers, which claimed Medicare was not covering their costs in rural areas. Price also had financial stakes in medical equipment companies when he was in Congress.

By the numbers: Of the $360 million in added costs to the Medicare program this year, the federal government estimates $70 million will come out of the pockets of seniors and disabled people. Medigap plans and Medicaid will cover part of those out-of-pocket costs, but "beneficiaries who do not have supplemental insurance or who are not dual eligible will have increased cost-sharing as a result," according to the regulation.

Go deeper

Tech scrambles to derail inauguration threats

Illustration: Sarah Grillo/Axios

Tech companies are sharing more information with law enforcement in a frantic effort to prevent violence around the inauguration, after the government was caught flat-footed by the Capitol siege.

Between the lines: Tech knows it will be held accountable for any further violence that turns out to have been planned online if it doesn't act to stop it.

Dave Lawler, author of World
5 hours ago - World

Uganda's election: Museveni declared winner, Wine claims fraud

Wine rejected the official results of the election. Photo: Sumy Sadruni/AFP via Getty

Yoweri Museveni was declared the winner of a sixth presidential term on Saturday, with official results giving him 59% to 35% for Bobi Wine, the singer-turned-opposition leader.

Why it matters: This announcement was predictable, as the election was neither free nor fair and Museveni had no intention of surrendering power after 35 years. But Wine — who posed a strong challenged to Museveni, particularly in urban areas, and was beaten and arrested during the campaign — has said he will present evidence of fraud. The big question is whether he will mobilize mass resistance in the streets.

Off the Rails

Episode 1: A premeditated lie lit the fire

Photo illustration: Sarah Grillo/Axios. Photo: Chip Somodevilla/Getty Images

Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. Axios takes you inside the collapse of a president with a special series.

Episode 1: Trump’s refusal to believe the election results was premeditated. He had heard about the “red mirage” — the likelihood that early vote counts would tip more Republican than the final tallies — and he decided to exploit it.

"Jared, you call the Murdochs! Jason, you call Sammon and Hemmer!”