In 2022, the Biden-Harris administration and their liberal allies in Congress forced the misnamed “Inflation Reduction Act” (IRA) onto the American public despite unified resistance from the GOP. The Republicans were right then, and they are right now. Democrats’ empty promises of reduced Medicare costs and better health care for seniors have been fully exposed. Older Americans nationwide, including Florida’s five million Medicare enrollees, are now feeling the impact.
Liberals rallied behind the Biden-Harris IRA due to their obsession with climate change initiatives and their alliance with health insurance behemoths. Since Biden signed the atrocious bill into law, the IRA has diverted more than $260 billion from Medicare “savings” for left-leaning politicians to fund their misguided agenda, including electric vehicle tax credits and subsidies for big health insurance-Pharmacy Benefit Managers (PBMs) corporations.
Read: Exposing The Elaborate $27 Million Medicare Fraud Scheme Of A Florida Businessman
Part D plan premiums, the prescription drug coverage part of Medicare, have surged by an average of 20 percent or more under the Biden-Harris IRA and are expected to continue skyrocketing. Now, the Biden-Harris administration is attempting to “rewrite” the IRA by announcing a “demonstration program” to delay Part D premium increases by raiding an additional $72 billion from Medicare to pay off big health insurance-PBM corporations.
If you thought this move was a coincidence with November 5th on the horizon, think again. Given the inevitable premium spike, Florida’s seniors will end up paying the price for this, but only after they cast their vote for the next commander-in-chief.
The number of Part D plan options available to Medicare enrollees is at an all-time program low, with as many as 2 million seniors at risk of losing their current coverage. At the same time, the Biden-Harris IRA’s Medicare drug price “negotiation” provision, which is Democrats’ code for price controls, has had irreversible impacts on R&D. The spending bill has forced several drug manufacturers to suspend research into treatments for life-threatening diseases like cancer, leaving Florida’s seniors with potential access restrictions to the critical care they need.
Democrats relentlessly championed the Biden-Harris IRA as a means to lower inflation and health care costs, when in reality, seniors have experienced the exact opposite, and the spending bill has not directly helped them personally. Polling revealed more than 85% of senior voters agree that consumer costs have increased since the enactment of the spending bill, and nearly 80% view the IRA as a failure. Meanwhile, the Biden-Harris administration and their liberal allies continue to celebrate the disastrous bill and refer to it as “historic legislation.”
Historic for who?
Please make a small donation to the Tampa Free Press to help sustain independent journalism. Your contribution enables us to continue delivering high-quality, local, and national news coverage.
Android Users: Download our free app to stay up-to-date on the latest news.
Connect with us: Follow the Tampa Free Press on Facebook and Twitter for breaking news and updates.
Sign up: Subscribe to our free newsletter for a curated selection of top stories delivered straight to your inbox.