Biden spent billions to delay Medicare premiums spike, protect Harris campaign before election

[Doc7505]

Biden spent billions to delay Medicare premiums spike, ​

protect Harris campaign before election​

Seniors groups warn that Biden budget gimmickry means "taxpayers are footing the bill today, seniors will pay the price tomorrow."​

Biden spent billions to delay Medicare premiums spike, protect Harris campaign before election

Seniors groups warn that Biden budget gimmickry means "taxpayers are footing the bill today, seniors will pay the price tomorrow."

justthenews.com

3 Nov 2024 ~~ By Steven Richards

Democrats were confronted earlier this year with a terrifying reality: a cap on out-of-pocket costs for patients to limit Medicare drug spending passed as part of Biden’s signature Inflation Reduction Act was set to spike premiums for millions of senior citizens just weeks before the 2024 presidential election.
To avoid the political catastrophe of presiding over major premium increases in the middle of a closely contested election, the Biden-Harris administration used its authority to reroute appropriated funding to subsidize the premiums for seniors until after the election.
The administration’s $5 billion budget gimmick kicked the proverbial can down the road, but only adds to the estimated possible $20 billion in additional spending over three years to cover up the unintended consequences of one of the Biden-Harris administration's signature las.
While they free Democratic nominee Kamala Harris to tout the caps in her key economic plan for the middle class, the subsidies will cost taxpayers and seniors in the long run.
“They created a new program that's going to send billions to health insurance companies… to temporarily offset the premium increases,” Rebecca Weber, the CEO of the Association for Mature American Citizens (AMAC) told the John Solomon Reports podcast.
“One could really say that they're buying, you know, off big insurance companies right before an election. And taxpayers, this is important, that people understanding it, taxpayers are footing the bill today, seniors will pay the price tomorrow,” she added.
~Snip~
Experts say seniors have been the real losers of the Biden-Harris administration’s tampering with Medicare and unchecked federal spending.
“Seniors have been the biggest losers of all from Biden's inflationary policies, because they've lost money,” economist and former Trump advisor Stephen Moore told the John Solomon Reports podcast.
~Snip~
The biggest victim of inflation? Well, it's always people living on a fixed income with lifetime savings, and all of a sudden, those lifetime savings are worth 20% less than they were, you know, when Biden came into office, their 401 K plans have been hit, and bonds have not done very well either.” Moore said.
“And then you add to that…they’ve been robbing money from Medicare, which is only going to accelerate the date when at which you know that Medicare runs out of money,” he added.


Commentary:
Not to worry folks, that 2.5% COLA will certainly cover it!
Anyone looking to buy a Medicare Advantage and Medicate Part D drug plan this year has discovered prices are way up from last year, especially drug plans and prices.. So much for Biden-Harris lowering these costs.
After reading the article and before posting, I went ahead and read many comments from the sheep defending Biden and Harris. Some of Democrats still tried to blame this on President Trump. Others tried to blame it on greedy corporations. Still others tried to say we needed socialized medicine and falsely claimed that it worked better in every country that has tried it. Cuts to Medicare advantage by the Biden-Harris administration. (which one of them is supposed to be in charge anyway?) Follow that with, "in a move critics say is designed to shield the Biden-Harris administration from election fallout, the administration was discovered this year to have leveraged tax payer funds to mask upcoming increases in Medicare premiums.". Then we have| "Under the Inflation Reduction Act, which was intended to cap out-of-pocket drug costs for Medicare beneficiaries, insurers are poised to significantly hike monthly premiums, with average bids for Part D plans to triple by 2025.".

 

[frigidweirdo]

Biden spent billions to delay Medicare premiums spike, ​

protect Harris campaign before election​

Seniors groups warn that Biden budget gimmickry means "taxpayers are footing the bill today, seniors will pay the price tomorrow."​

Biden spent billions to delay Medicare premiums spike, protect Harris campaign before election

Seniors groups warn that Biden budget gimmickry means "taxpayers are footing the bill today, seniors will pay the price tomorrow."

justthenews.com

3 Nov 2024 ~~ By Steven Richards

Democrats were confronted earlier this year with a terrifying reality: a cap on out-of-pocket costs for patients to limit Medicare drug spending passed as part of Biden’s signature Inflation Reduction Act was set to spike premiums for millions of senior citizens just weeks before the 2024 presidential election.
To avoid the political catastrophe of presiding over major premium increases in the middle of a closely contested election, the Biden-Harris administration used its authority to reroute appropriated funding to subsidize the premiums for seniors until after the election.
The administration’s $5 billion budget gimmick kicked the proverbial can down the road, but only adds to the estimated possible $20 billion in additional spending over three years to cover up the unintended consequences of one of the Biden-Harris administration's signature las.
While they free Democratic nominee Kamala Harris to tout the caps in her key economic plan for the middle class, the subsidies will cost taxpayers and seniors in the long run.
“They created a new program that's going to send billions to health insurance companies… to temporarily offset the premium increases,” Rebecca Weber, the CEO of the Association for Mature American Citizens (AMAC) told the John Solomon Reports podcast.
“One could really say that they're buying, you know, off big insurance companies right before an election. And taxpayers, this is important, that people understanding it, taxpayers are footing the bill today, seniors will pay the price tomorrow,” she added.
~Snip~
Experts say seniors have been the real losers of the Biden-Harris administration’s tampering with Medicare and unchecked federal spending.
“Seniors have been the biggest losers of all from Biden's inflationary policies, because they've lost money,” economist and former Trump advisor Stephen Moore told the John Solomon Reports podcast.
~Snip~
The biggest victim of inflation? Well, it's always people living on a fixed income with lifetime savings, and all of a sudden, those lifetime savings are worth 20% less than they were, you know, when Biden came into office, their 401 K plans have been hit, and bonds have not done very well either.” Moore said.
“And then you add to that…they’ve been robbing money from Medicare, which is only going to accelerate the date when at which you know that Medicare runs out of money,” he added.


Commentary:
Not to worry folks, that 2.5% COLA will certainly cover it!
Anyone looking to buy a Medicare Advantage and Medicate Part D drug plan this year has discovered prices are way up from last year, especially drug plans and prices.. So much for Biden-Harris lowering these costs.
After reading the article and before posting, I went ahead and read many comments from the sheep defending Biden and Harris. Some of Democrats still tried to blame this on President Trump. Others tried to blame it on greedy corporations. Still others tried to say we needed socialized medicine and falsely claimed that it worked better in every country that has tried it. Cuts to Medicare advantage by the Biden-Harris administration. (which one of them is supposed to be in charge anyway?) Follow that with, "in a move critics say is designed to shield the Biden-Harris administration from election fallout, the administration was discovered this year to have leveraged tax payer funds to mask upcoming increases in Medicare premiums.". Then we have| "Under the Inflation Reduction Act, which was intended to cap out-of-pocket drug costs for Medicare beneficiaries, insurers are poised to significantly hike monthly premiums, with average bids for Part D plans to triple by 2025.".

Republicans, who want healthcare to be as expensive as possible, complaining that Biden kept healthcare costs down....

Wow, all those people who will now vote Trump because they demand to pay more for healthcare.

 

[excalibur]

Biden spent billions to delay Medicare premiums spike, ​

protect Harris campaign before election​

Seniors groups warn that Biden budget gimmickry means "taxpayers are footing the bill today, seniors will pay the price tomorrow."​

Biden spent billions to delay Medicare premiums spike, protect Harris campaign before election

Seniors groups warn that Biden budget gimmickry means "taxpayers are footing the bill today, seniors will pay the price tomorrow."

justthenews.com

3 Nov 2024 ~~ By Steven Richards

Democrats were confronted earlier this year with a terrifying reality: a cap on out-of-pocket costs for patients to limit Medicare drug spending passed as part of Biden’s signature Inflation Reduction Act was set to spike premiums for millions of senior citizens just weeks before the 2024 presidential election.
To avoid the political catastrophe of presiding over major premium increases in the middle of a closely contested election, the Biden-Harris administration used its authority to reroute appropriated funding to subsidize the premiums for seniors until after the election.
The administration’s $5 billion budget gimmick kicked the proverbial can down the road, but only adds to the estimated possible $20 billion in additional spending over three years to cover up the unintended consequences of one of the Biden-Harris administration's signature las.
While they free Democratic nominee Kamala Harris to tout the caps in her key economic plan for the middle class, the subsidies will cost taxpayers and seniors in the long run.
“They created a new program that's going to send billions to health insurance companies… to temporarily offset the premium increases,” Rebecca Weber, the CEO of the Association for Mature American Citizens (AMAC) told the John Solomon Reports podcast.
“One could really say that they're buying, you know, off big insurance companies right before an election. And taxpayers, this is important, that people understanding it, taxpayers are footing the bill today, seniors will pay the price tomorrow,” she added.
~Snip~
Experts say seniors have been the real losers of the Biden-Harris administration’s tampering with Medicare and unchecked federal spending.
“Seniors have been the biggest losers of all from Biden's inflationary policies, because they've lost money,” economist and former Trump advisor Stephen Moore told the John Solomon Reports podcast.
~Snip~
The biggest victim of inflation? Well, it's always people living on a fixed income with lifetime savings, and all of a sudden, those lifetime savings are worth 20% less than they were, you know, when Biden came into office, their 401 K plans have been hit, and bonds have not done very well either.” Moore said.
“And then you add to that…they’ve been robbing money from Medicare, which is only going to accelerate the date when at which you know that Medicare runs out of money,” he added.


Commentary:
Not to worry folks, that 2.5% COLA will certainly cover it!
Anyone looking to buy a Medicare Advantage and Medicate Part D drug plan this year has discovered prices are way up from last year, especially drug plans and prices.. So much for Biden-Harris lowering these costs.
After reading the article and before posting, I went ahead and read many comments from the sheep defending Biden and Harris. Some of Democrats still tried to blame this on President Trump. Others tried to blame it on greedy corporations. Still others tried to say we needed socialized medicine and falsely claimed that it worked better in every country that has tried it. Cuts to Medicare advantage by the Biden-Harris administration. (which one of them is supposed to be in charge anyway?) Follow that with, "in a move critics say is designed to shield the Biden-Harris administration from election fallout, the administration was discovered this year to have leveraged tax payer funds to mask upcoming increases in Medicare premiums.". Then we have| "Under the Inflation Reduction Act, which was intended to cap out-of-pocket drug costs for Medicare beneficiaries, insurers are poised to significantly hike monthly premiums, with average bids for Part D plans to triple by 2025.".

Then the MSM will dutifully blame Trump. Wash, rinse, repeat.

 

[justoffal]

Biden spent billions to delay Medicare premiums spike, ​

protect Harris campaign before election​

Seniors groups warn that Biden budget gimmickry means "taxpayers are footing the bill today, seniors will pay the price tomorrow."​

Biden spent billions to delay Medicare premiums spike, protect Harris campaign before election

Seniors groups warn that Biden budget gimmickry means "taxpayers are footing the bill today, seniors will pay the price tomorrow."

justthenews.com

3 Nov 2024 ~~ By Steven Richards

Democrats were confronted earlier this year with a terrifying reality: a cap on out-of-pocket costs for patients to limit Medicare drug spending passed as part of Biden’s signature Inflation Reduction Act was set to spike premiums for millions of senior citizens just weeks before the 2024 presidential election.
To avoid the political catastrophe of presiding over major premium increases in the middle of a closely contested election, the Biden-Harris administration used its authority to reroute appropriated funding to subsidize the premiums for seniors until after the election.
The administration’s $5 billion budget gimmick kicked the proverbial can down the road, but only adds to the estimated possible $20 billion in additional spending over three years to cover up the unintended consequences of one of the Biden-Harris administration's signature las.
While they free Democratic nominee Kamala Harris to tout the caps in her key economic plan for the middle class, the subsidies will cost taxpayers and seniors in the long run.
“They created a new program that's going to send billions to health insurance companies… to temporarily offset the premium increases,” Rebecca Weber, the CEO of the Association for Mature American Citizens (AMAC) told the John Solomon Reports podcast.
“One could really say that they're buying, you know, off big insurance companies right before an election. And taxpayers, this is important, that people understanding it, taxpayers are footing the bill today, seniors will pay the price tomorrow,” she added.
~Snip~
Experts say seniors have been the real losers of the Biden-Harris administration’s tampering with Medicare and unchecked federal spending.
“Seniors have been the biggest losers of all from Biden's inflationary policies, because they've lost money,” economist and former Trump advisor Stephen Moore told the John Solomon Reports podcast.
~Snip~
The biggest victim of inflation? Well, it's always people living on a fixed income with lifetime savings, and all of a sudden, those lifetime savings are worth 20% less than they were, you know, when Biden came into office, their 401 K plans have been hit, and bonds have not done very well either.” Moore said.
“And then you add to that…they’ve been robbing money from Medicare, which is only going to accelerate the date when at which you know that Medicare runs out of money,” he added.


Commentary:
Not to worry folks, that 2.5% COLA will certainly cover it!
Anyone looking to buy a Medicare Advantage and Medicate Part D drug plan this year has discovered prices are way up from last year, especially drug plans and prices.. So much for Biden-Harris lowering these costs.
After reading the article and before posting, I went ahead and read many comments from the sheep defending Biden and Harris. Some of Democrats still tried to blame this on President Trump. Others tried to blame it on greedy corporations. Still others tried to say we needed socialized medicine and falsely claimed that it worked better in every country that has tried it. Cuts to Medicare advantage by the Biden-Harris administration. (which one of them is supposed to be in charge anyway?) Follow that with, "in a move critics say is designed to shield the Biden-Harris administration from election fallout, the administration was discovered this year to have leveraged tax payer funds to mask upcoming increases in Medicare premiums.". Then we have| "Under the Inflation Reduction Act, which was intended to cap out-of-pocket drug costs for Medicare beneficiaries, insurers are poised to significantly hike monthly premiums, with average bids for Part D plans to triple by 2025.".

INFLATION....THY NAME IS BIDEN.

 

[wamose]

Medicare and SS have no chance of survival under Democrat control. Back to MAGA

 

[debbiedowner]

Biden spent billions to delay Medicare premiums spike, ​

protect Harris campaign before election​

Seniors groups warn that Biden budget gimmickry means "taxpayers are footing the bill today, seniors will pay the price tomorrow."​

Biden spent billions to delay Medicare premiums spike, protect Harris campaign before election

Seniors groups warn that Biden budget gimmickry means "taxpayers are footing the bill today, seniors will pay the price tomorrow."

justthenews.com

3 Nov 2024 ~~ By Steven Richards

Democrats were confronted earlier this year with a terrifying reality: a cap on out-of-pocket costs for patients to limit Medicare drug spending passed as part of Biden’s signature Inflation Reduction Act was set to spike premiums for millions of senior citizens just weeks before the 2024 presidential election.
To avoid the political catastrophe of presiding over major premium increases in the middle of a closely contested election, the Biden-Harris administration used its authority to reroute appropriated funding to subsidize the premiums for seniors until after the election.
The administration’s $5 billion budget gimmick kicked the proverbial can down the road, but only adds to the estimated possible $20 billion in additional spending over three years to cover up the unintended consequences of one of the Biden-Harris administration's signature las.
While they free Democratic nominee Kamala Harris to tout the caps in her key economic plan for the middle class, the subsidies will cost taxpayers and seniors in the long run.
“They created a new program that's going to send billions to health insurance companies… to temporarily offset the premium increases,” Rebecca Weber, the CEO of the Association for Mature American Citizens (AMAC) told the John Solomon Reports podcast.
“One could really say that they're buying, you know, off big insurance companies right before an election. And taxpayers, this is important, that people understanding it, taxpayers are footing the bill today, seniors will pay the price tomorrow,” she added.
~Snip~
Experts say seniors have been the real losers of the Biden-Harris administration’s tampering with Medicare and unchecked federal spending.
“Seniors have been the biggest losers of all from Biden's inflationary policies, because they've lost money,” economist and former Trump advisor Stephen Moore told the John Solomon Reports podcast.
~Snip~
The biggest victim of inflation? Well, it's always people living on a fixed income with lifetime savings, and all of a sudden, those lifetime savings are worth 20% less than they were, you know, when Biden came into office, their 401 K plans have been hit, and bonds have not done very well either.” Moore said.
“And then you add to that…they’ve been robbing money from Medicare, which is only going to accelerate the date when at which you know that Medicare runs out of money,” he added.


Commentary:
Not to worry folks, that 2.5% COLA will certainly cover it!
Anyone looking to buy a Medicare Advantage and Medicate Part D drug plan this year has discovered prices are way up from last year, especially drug plans and prices.. So much for Biden-Harris lowering these costs.
After reading the article and before posting, I went ahead and read many comments from the sheep defending Biden and Harris. Some of Democrats still tried to blame this on President Trump. Others tried to blame it on greedy corporations. Still others tried to say we needed socialized medicine and falsely claimed that it worked better in every country that has tried it. Cuts to Medicare advantage by the Biden-Harris administration. (which one of them is supposed to be in charge anyway?) Follow that with, "in a move critics say is designed to shield the Biden-Harris administration from election fallout, the administration was discovered this year to have leveraged tax payer funds to mask upcoming increases in Medicare premiums.". Then we have| "Under the Inflation Reduction Act, which was intended to cap out-of-pocket drug costs for Medicare beneficiaries, insurers are poised to significantly hike monthly premiums, with average bids for Part D plans to triple by 2025.".

Medicare part B premiums are not usually released until November but there has been occasionally in the past the raise announced in the last week of October. The IRA will help people with expensive drugs as they will probably meet their $2000 max of pocket sometime during the year and at that point they do not pay any co pays for drugs. The part B premium is expected to be somewhere around $184.

Presidents have nothing to do with the rise of Part B premiums.

 

[JustAGuy1]

Medicare part B premiums are not usually released until November but there has been occasionally in the past the raise announced in the last week of October. The IRA will help people with expensive drugs as they will probably meet their $2000 max of pocket sometime during the year and at that point they do not pay any co pays for drugs. The part B premium is expected to be somewhere around $184.

Presidents have nothing to do with the rise of Part B premiums.

Why bother the partisans with facts.

 

[debbiedowner]

Why bother the partisans with facts.

I know. I don't know what was wrong with me posting in a thread I actually know a lot about.

 

[debbiedowner]

2025 Medicare Parts A & B Premiums and Deductibles | CMS

On November 8, 2024, the Centers for Medicare & Medicaid Services (CMS) released the 2025 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs, and the 2025 Medicare Part D income-related monthly adjustment amounts. Medicare Part B Premium and...

www.cms.gov

I was a dollar off.