Even though the Biden-Harris administration is still patting itself on the back for the Inflation Reduction Act (IRA), they are also desperately trying to keep its dirty little Medicare secret under wraps.
Instead of a “win” for seniors, the Daily Caller reports that the IRA’s cap on out-of-pocket drug costs is now set to boomerang, with Medicare Part D premiums expected to triple with monthly burdens jumping from $30 to nearly $143 per recipient per month.
And guess who’s footing the bill for the emergency “fix” to make sure this doesn’t start during the election cycle? Yes, you, the taxpayer.
In an effort to delay the inevitable, Harris’ pals at the Centers for Medicare and Medicaid Services (CMS) announced that they are pumping billions of taxpayer dollars into subsidizing premiums, all in a bid to keep this festering mess from blowing up until after Election Day. Harris needs to keep the premium hikes out of the headlines and off voters’ radar until she secures that coveted November win – with OUR hard-earned money.
The aim? Keep those millions of Medicare beneficiaries blissfully ignorant of the taxpayer subsidies masking their true costs – at least until the ballots are counted.
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