Vice President Kamala Harris is fighting a ticking time bomb, hoping it doesn't go off before November.
The Biden-Harris administration promoted the Inflation Reduction Act (IRA) as the end of US inflation problems. It was supposed to help with various financial issues, including limiting the out-of-pocket costs of medications Medicare beneficiaries However, Medicare beneficiaries will see significant increases in their monthly premiums to make up for the loss of benefits from the mandatory cap on drug out-of-pocket costs.
Big 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;
They are now taking money from the Medicare Trust Fund to hide the resulting premium hikes until after November. pic.twitter.com/VuTiUxB6Db
— Matt Whitlock (@mattdizwhitlock) August 14, 2024
The last thing Harris needs in an election year is for millions of Americans to have increased monthly costs (with average Part D plan offerings expected to triple) after voting to pass the IRA using the his 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 subsidize premiums with taxpayer money, Fox News informed. (ROOKE: Regime media forced to give viewers reality check on Kamala push)
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 measure likely won't “survive legal scrutiny,” but that won't matter because Harris just needs to keep premiums low long enough to get to the Nov. 5 election to avoid scrutiny from lawmakers. voters of the more than 67 million. Americans enrolled in Medicare programs.
Democrats pass the 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
“They've destroyed Part D premiums,” former Trump adviser Joe Grogan told Fox News Digital in an interview. “I'm not sure it would survive legal scrutiny if someone sued. Objectively, it shouldn't. It's just putting between 5 and 10 billion taxpayer dollars while taxpayers pay the price 85 days before the election. It's disgusting.”
“This is only going to get worse in 2025 and 2026,” Grogan continued. “The program is in a death spiral. They announced a three-year demo. It's already broken. The demo will fail. Premiums will still go up.” (ROOKE: Kamala's record rears its ugly head after she's caught stealing from Trump)
“They just want to get through the election,” Grogan added. “They're hoping that after the election they can deal with it, but it's going to have to be dealt with in the next 12-18 months. They didn't think it was going to be this bad, and it's only going to get worse.”
JUST IN: A big inflation report. In July, annual inflation eased to 2.9%, the first time it has been below 3% since early 2021.
Falling car prices and flat energy costs helped reduce inflation. The monthly increase was 0.2% (as expected)
It's looking more and more like… pic.twitter.com/Guiz9HSOsf
— Heather Long (@byHeatherLong) August 14, 2024
Grogan isn't the only one sounding the alarm. Paragon Health Institute, a health research group, called out CMS taxpayers are subsidizing “a massive bailout for insurers to deal with rising Inflation Reduction Act (IRA) costs.” The group said CMS' plan is a “false and costly demonstration” for taxpayers, who are expected to shoulder 75 percent of the cost increase. The other 25 percent will come from the beneficiaries. (ROOKE: Kamala still cut the checks to pay off the cops long after the Dems fell for the crime)
Are there women in my audience who are selling their children's furniture to pay for groceries and are considering voting based on “vibes” for a candidate who has NO plan on his website?
— Alex Clark (@yoalexrapz) August 9, 2024
Harris hopes that America's millions of Medicare beneficiaries don't see or understand that the taxpayer subsidies that keep their costs down are only temporary. She wants to keep the bleeding to a minimum to keep her campaign afloat, but the move doesn't fix the massive problems with our welfare system. He's just compounding a problem he won't care about once the election is over and he's won. But it will matter a lot to Americans who are already suffering from his administration's economic policies.