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From the Daily Caller: Vice President Kamala Harris is racing against a ticking time bomb, hoping it won’t blow before November.
The Biden-Harris administration touted the Inflation Reduction Act (IRA) as the end of the U.S.’s inflation woes. It was supposed to help with several economic issues, including capping out-of-pocket drug costs for Medicare beneficiaries. However, Medicare beneficiaries will see significant hikes in their monthly premiums to compensate for the profit loss from the mandatory cap on out-of-pocket drug costs.
The last thing Harris needs during an election year is for millions of Americans to have increased monthly costs (with average bids for Part D plans expected to triple) after she voted to pass the IRA using her tie-breaking vote in the Senate. To keep premiums artificially low and help Harris avoid “potential voter backlash,” the Centers for Medicare and Medicaid Services (CMS) announced on July 30 that it would be subsidizing the premiums with taxpayer monies, Fox News reported.
CMS enacted the “demonstration project,” which will increase the taxpayer burden “from $30 per recipient per month in 2024 to $142.70 in 2025,” according to Fox. Critics told the outlet the move will likely not “survive legal scrutiny,” but that won’t matter because Harris just needs the premiums to stay low long enough to make it to the Nov. 5 election to avoid voter scrutiny from the over 67 million Americans enrolled in Medicare programs.
Mary Rooke, author of opinion editorial, wrapped it up with the following warning:
Harris hopes the millions of American Medicare beneficiaries won’t see or understand that the taxpayer subsidies keeping their costs low are only temporary. She wants to keep the bleeding at a minimum to keep her campaign afloat, but the move doesn’t fix the massive problems in our social benefits system. It only exacerbates a problem that won’t matter to her once the election is over and she’s won. But it’s going to matter a great deal to Americans who are already suffering under her administration’s economic policies.
Republican commentator Matt Whitlock reacted, writing, “Huge scandal that Kamala Harris should be asked about immediately. First Biden/Harris took money from Medicare to fund EV tax credits in the Inflation Reduction Act; Now they’re taking money from the Medicare Trust Fund to hide resulting premium hikes until after November.”
Huge scandal that Kamala Harris should be asked about immediately.
First Biden/Harris took money from Medicare to fund EV tax credits in the Inflation Reduction Act;
Now they’re taking money from the Medicare Trust Fund to hide resulting premium hikes until after November. pic.twitter.com/VuTiUxB6Db
— Matt Whitlock (@mattdizwhitlock) August 14, 2024
“She’s pretending to have a plan to “lower costs.” Well she helped write and cast the deciding vote for a bill that is driving up prescription drug costs for seniors already. What’s her plan to counter her own previous actions?” Whitlock demanded.
She’s pretending to have a plan to “lower costs.”
Well she helped write and cast the deciding vote for a bill that is driving up prescription drug costs for seniors already.
What’s her plan to counter her own previous actions? https://t.co/yCPWHjI0zQ
— Matt Whitlock (@mattdizwhitlock) August 14, 2024
Don’t let them fool you!
Seniors are about to see a big hike in Medicare premiums due to the Inflation Reduction Act.https://t.co/jqrv1byrmw https://t.co/y0B8PQqv2j— Mary Walter (@MaryWalterRadio) August 15, 2024
Democrats pass sweeping Inflation Reduction Act, 51-50, to fight climate change, lower health care costs, and raise corporate taxes. Vice President Kamala Harris cast the tie breaking vote. pic.twitter.com/KmoXnzbeUd
— Keith Boykin (@keithboykin) August 7, 2022
Kamala is trying to hide this:
She’s stealing from the sick and elderly!ROOKE: Harris Quietly Trying To Cover Up Major Election Bomb That Could End Her Honeymoon https://t.co/VnyGpmbjuY via @dailycaller
— Chris Kleyn@Chris’ Li’l Bookstore (@ChrisLilBooksto) August 15, 2024
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