Kamala Harris claims that she is going to lower costs and protect senior citizens.
She’s counting on voters to forget that she’s been in office since January of 2021.
And Kamala Harris made one awful decision that put senior citizens in this scary situation.
Kamala Harris’ vote is going to send prescription drug prices soaring
Vice President Kamala Harris wants voters to think that she showed up on the political scene in July when President Joe Biden exited the race.
She’s talking about lowering costs for the American people on her first day in office.
Of course, her first day in office was three and half years ago when she was inaugurated as Vice President.
And one vote she took created a ticking bomb for senior citizens who rely on Medicare for their prescription drugs.
The $1.2 trillion Inflation Reduction Act was the largest climate change bill in history.
President Joe Biden called it “one of the most significant laws in our history.”
The 2022 bill passed on a party-line vote and Vice President Kamala Harris cast the tie-breaking vote in the evenly divided Senate.
No single person in America bears more responsibility for the inflation we’ve seen over the past 2 years than Kamala Harris
Here’s her casting the tie-breaking vote on the $740B ‘Inflation Reduction Act’ pic.twitter.com/MfCzGDQJKh
— johnny maga (@_johnnymaga) August 14, 2024
To help sell a climate change bill, Democrats tacked on price caps for prescription drugs and price caps for Medicare.
“This transformational legislation is reducing the cost of health care for millions of people in communities across our nation – from capping the price of insulin at $35 a month for seniors to capping out-of-pocket drug costs at $2,000 a year for Americans on Medicare, which is expected to save nearly 19 million seniors an average of $400 per year,” Harris said in a statement marking the bill’s second anniversary.
But the reality is that the bill is going to send Medicare costs soaring for senior citizens.
The Inflation Reduction Act put a cap on out-of-pocket drug spending at $2,000 for Medicare Part D plans.
Insurers are responding to this cap by increasing premiums.
Medicare Part D premiums have increased by roughly 20% for eight million seniors this year because of the Inflation Reduction Act.
And the fewest number of Part D plans ever are available this year.
That’s why Democrats have gone into damage control to try and mask the problem they created with Medicare.
The Centers for Medicare and Medicaid announced a “demonstration project” to cap Medicare Part D premium increases at $35 for next year while using money from the Medicare Trust Fund to pay insurers to cover the difference.
Demonstration projects are supposed to be used to test new forms of payment for Medicare, but the Biden-Harris administration is using it to blunt the impact of premium increases that begin in mid-September of an Election Year.
The premium increases will hit after Election Day, but it will be a problem for Democrats in 2026.
Former Trump Administration official Joe Grogan cried foul on the scheme.
“The Biden administration is using billions of taxpayer dollars to cynically bail out insurers to buy down seniors’ premiums just months before an election,” Grogan wrote.
Kamala Harris helped break Medicare with her vote for the Inflation Reduction Act.
The Biden-Harris administration is kicking the can down the road to try and save Democrats from political doom in an Election Year.
Patriot Political will keep you up-to-date on any developments to this ongoing story.
