This is the making of a major scandal so we won't see the networks cover it.
Medicare Part D insurance premiums are being artificially held down by using taxpayer dollars, borrowed from other areas, to 'subsidize', on a temporary basis (until after the election???) bills so people don't see price hikes that could TRIPLE their Medicare Part D payments
Money is coming out of the trust fund set up to keep Medicare solvent, so its stealing from its own fund.
www.foxnews.com
Medicare Part D insurance premiums are being artificially held down by using taxpayer dollars, borrowed from other areas, to 'subsidize', on a temporary basis (until after the election???) bills so people don't see price hikes that could TRIPLE their Medicare Part D payments
Money is coming out of the trust fund set up to keep Medicare solvent, so its stealing from its own fund.
Biden-Harris administration using taxpayer money to mask Medicare premium hikes before election: critics
The Biden-Harris administration is using taxpayer funds to mask Medicare premium hikes, subsidizing costs significantly despite increasing debt, critics say.
www.foxnews.com
In a move critics say is designed to shield the Biden-Harris administration from election fallout, the administration has leveraged taxpayer funds to mask upcoming increases in Medicare premiums.
Under the Inflation Reduction Act (IRA), 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 expected to triple by 2025.
In response to potential voter backlash, the Centers for Medicare and Medicaid Services (CMS) rolled out a three-year "demonstration project" to subsidize these premiums, aiming to keep them artificially low. However, despite the appearance of relief, some critics are saying that taxpayers will fund a dramatic increase in subsidies — from $30 per recipient per month in 2024 to $142.70 in 2025 — raising concerns about the long-term impact on government spending and debt.
Former President Trump adviser Joe Grogan has criticized the maneuver, arguing that it merely shifts costs rather than providing real relief.
"They've destroyed Part D premiums," Grogan told Fox News Digital in an interview. "I'm not sure it'll survive legal scrutiny if someone were to sue. Objectively, it shouldn't be done. It's just interjecting $5-$10 billion of taxpayer dollars, while the taxpayers are paying the price 85 days before an election. It's sickening."
"This is only going to get worse in 2025, 2026," Grogan continued. "The program is in a death spiral. They announced a three-year demo. It's already broken. The demo is going to fail. Premiums are still going to go up."
