President Joe Biden, with the assistance of his vice president, Kamala Harris, and most Democrats, are saddling Medicare recipients with higher premiums on their way out of the White House, according to a Friday report.<\/p>\n
When Democrats controlled Congress for the first two years of the Biden-Harris regime, they rammed through the trillion-dollar \u201cInflation Reduction Act\u201d that contained hundreds of billions in spending on \u2018Green New Deal\u2019 priorities. The measure was passed thanks to Harris casting the tie-breaking vote in the Senate.<\/p>\n
That \u201cignited a chain reaction that led to higher Medicare costs for America\u2019s senior citizens,\u201d the Western Journal reported<\/a>.<\/p>\n \u201cNearly two years after its passage, the IRA has diverted nearly $260 billion from the projected Medicare \u2018savings\u2019 \u00a0to pay for special interest handouts like large tax credits for costly electric vehicles, enormous subsidies paid to big health insurer-PBM corporations, and funding health care programs for illegal immigrants,\u201d Ron Fitzwater, Chief Executive Officer of the Missouri Pharmacy Association, wrote in an Op-Ed in the\u00a0Missouri Times<\/a>.<\/p>\n \u201cThe Biden-Harris administration is not protecting Medicare; they\u2019re stealing from it,\u201d he wrote.<\/p>\n This is a problem since Medicare funding has been on a trajectory to go broke for years.<\/p>\n Biden and Harris took money out of Medicare and used it on green energy. Now premiums will skyrocket. And they purposely tried to hide it until after the election. pic.twitter.com\/AUnb4pV0l3<\/a><\/p>\n \u2014 Insurrection Barbie (@DefiyantlyFree) November 15, 2024<\/a><\/p>\n\n According to Politico<\/a>, the administration is \u201cdoling out\u201d billions to insurance companies ahead of the election to blunt the impact of what will be rising premiums for Medicare recipients beginning next year. \u201cThe administration released a program that would give insurers an extra $15 per member a month amid other changes. Republicans balked at the program, saying it is a cynical ploy to avoid bad headlines right before the November election,\u201d the outlet reported.<\/p>\n Sen. Bill Cassidy (R-La.), a physician, told the outlet: \u201cIt\u2019s using the federal treasury for political advantage. This is a way for the executive branch to implement a policy which has very positive political ramifications for them, but with very sketchy legal standing.\u201d<\/p>\n \u201cThe Treasury is going to borrow more money to do this,\u201d Cassidy added. \u201cI don\u2019t see them as being particularly hyper aware of the potential cost of all this. I don\u2019t think it matters to them, but it should matter to us as taxpayers.\u201d<\/p>\n Fitwater, in his Op-Ed, said increases were coming in at 179 percent.<\/p>\n Biden\/Harris Administration took money from Medicare and spent it on their green energy deal, Now the premium is expected to have to rise! https:\/\/t.co\/5KGdy4KDNi<\/a><\/p>\n \u2014 Idiot4Life (@Idiot4L) November 15, 2024<\/a><\/p>\n\n Fitzwater estimates that \u201cAll told, that puts the entire IRA raid on Medicare at well over $330 billion.\u201d<\/p>\n Biden-Harris IRA diverted $260 BILLION in #Medicare<\/a> \u201csavings\u201d for EVs\/other handouts, spiked premiums 20%-179% & raids $5 BILLION+ per year from Medicare trust fund to cover up costs. Actual patient Rx savings? $1.5 billion. Bidenomics! @WSJopinion<\/a>https:\/\/t.co\/5qRoeL2WP1<\/a><\/p>\n \u2014 Steve Forbes (@SteveForbesCEO) August 15, 2024<\/a><\/p>\n\n The IRA\u2019s tinkering with Medicare also has impacted drug companies, which a Wall Street Journal editorial<\/a> explained.<\/p>\n \u201cThe IRA let Medicare \u2018negotiate\u2019 prices for 10 to 20 drugs a year and a total of 60 by 2029. Negotiate is a euphemism for extortion: Drug makers that don\u2019t participate or reject the government\u2019s price face a daily excise tax that starts at 186% and climbs to 1,900% of a drug\u2019s daily revenue,\u201d the editorial began.<\/p>\n \u201cThe law also requires manufacturers to pay the government rebates on medicines sold to Medicare if they raise prices more than the rate of inflation, and puts them on the hook for more of the entitlement\u2019s Part D costs. Democrats used the resulting estimated \u2018savings\u2019 of some $160 billion to pay for the green new deal,\u201d the editorial said.<\/p>\n \u201cBut subsidized solar panels won\u2019t help if you get sick. The inevitable, albeit invisible, result of Democrats\u2019 raid on pharmaceutical companies will be fewer new medicines,\u201d the WSJ editorial noted further.<\/p>\n The post Medicare Premiums To Spike After Biden-Harris \u2018Raided\u2019 Fund For Green New Deal: Report<\/a> appeared first on Conservative Brief<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" President Joe Biden, with the assistance of his vice president, Kamala Harris, and most Democrats, are saddling Medicare recipients with higher premiums on their way out of the White House, according to a Friday report. When Democrats controlled Congress for the first two years of the Biden-Harris regime, they rammed through the trillion-dollar \u201cInflation Reduction…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[136],"tags":[],"class_list":["post-5221","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/topproductsonly.com\/news\/wp-json\/wp\/v2\/posts\/5221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/topproductsonly.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/topproductsonly.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/topproductsonly.com\/news\/wp-json\/wp\/v2\/comments?post=5221"}],"version-history":[{"count":0,"href":"https:\/\/topproductsonly.com\/news\/wp-json\/wp\/v2\/posts\/5221\/revisions"}],"wp:attachment":[{"href":"https:\/\/topproductsonly.com\/news\/wp-json\/wp\/v2\/media?parent=5221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/topproductsonly.com\/news\/wp-json\/wp\/v2\/categories?post=5221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/topproductsonly.com\/news\/wp-json\/wp\/v2\/tags?post=5221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}