President Joe Biden has already accomplished a lot when it comes to Medicare, the federal health insurance program for Americans 65 and older.

After a big rise in Medicare Part B premiums in 2022, these same premiums are set to fall for the first time in more than a decade in 2023. Additionally, as part of Biden's Inflation Reduction Act, the federal government can negotiate drug prices for some prescription drugs covered by Medicare, which many lawmakers have sought to do for many years.

But Biden came into his presidency with even greater ambitions for Medicare and would love to accomplish more this year. Let's take a look at three changes Biden would love to make to Medicare in 2023 and whether they are possible.

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Source Fool.com