President Joe Biden, supported by Vice President Kamala Harris and the majority of Democrats, is leaving Medicare recipients facing higher premiums as his administration prepares to exit the White House, according to a report last week.
During their first two years in office, when Democrats controlled Congress, they pushed through the trillion-dollar “Inflation Reduction Act,” which included hundreds of billions in spending on “Green New Deal” initiatives. The legislation passed with Harris casting the tie-breaking vote in the Senate.
That “ignited a chain reaction that led to higher Medicare costs for America’s senior citizens,” the Western Journal reported.
“Nearly two years after its passage, the IRA has diverted nearly $260 billion from the projected Medicare ‘savings’ to pay for special interest handouts like large tax credits for costly electric vehicles, enormous subsidies paid to big health insurer-PBM corporations, and funding health care programs for illegal immigrants,” Ron Fitzwater, Chief Executive Officer of the Missouri Pharmacy Association, wrote in an Op-Ed in the Missouri Times.
“The Biden-Harris administration is not protecting Medicare; they’re stealing from it,” he wrote, noting this is a problem since Medicare funding has been on a trajectory to go broke for years.