Posted on 11/26/2023 8:33:41 AM PST by Kaiser8408a
Ah, the infamous “Inflation Reduction Act!” Remember, it was an act sold as inflation reduction, although it was all about green energy spending. And now making Medicare insurance premiums go up by 42-57% in 2024!
In the Inflation Reduction Act, lowering the maximum out-of-pocket spending cap for Medicare Part D prescription drugs from $7,050 in 2023 to $2,000 in 2025 will reduce co-pays for some, especially those with chronic conditions.
However, financial liability will shift to insurers expected to cover 60-80 percent of costs once patients hit the new $2,000 cap.
So, while the Inflation Reduction Act aims to lower overall healthcare costs for retirees, it may actually increase 2024-2025 Part D premiums for 75 percent of enrollees seeing no co-pay relief.
The HealthView report, published in November 2023, contrasts sharply with a July projection by the Centers for Medicare & Medicaid Services, the federal agency that administers the Medicare program,
The CMS said there would be a 1.8 percent decline in Part D premiums for 2024, citing the Inflation Reduction Act’s reforms as the basis for stable or reduced costs.
However, HealthView tells a different story. It forecasts major hikes for retirees in states with large senior populations.
Projected 2024 premiums are $1,404 in California, $1,246 in Florida, $1,154 in Texas, $1,469 in New York, and $1,189 in Pennsylvania. This represents average increases ranging from $269 in Texas to $510 in New York.
Bottom line? Retired Americans enrolled in Medicare’s Part D prescription coverage could see their premiums increase by 42-57 percent in 2024.
But tenants and household insurance growth is now higher that pre-Covid.
(Excerpt) Read more at confoundedinterest.net ...
“ inflation, reduction act”. Those Dems really do know how to name things, even if that name says the opposite of what the action does. The propaganda media always goes along with their misinformation.
Medicare “premimums” vary by State?
That’s been happening for some times. The “Banking Secrecy Act” mandates the non-anonymized reporting of large cash transactions to the federal government, etc.
Title is wrong, Bidenomics isn’t failing, it’s doing exactly what it was intended to do.
There is no free mainstream media in the United States, it is all government controlled.
You’re buying more insurance for your money, but you’re paying more.
Under the old system, you had to pay up to $7500 of your own money. When you reached that, you still had to pay 5% of the cost of drugs, on an unlimited basis. For each $1 million, you had to put in $50,000.
Now, the max of your own money you have to put in is $2000. Of course, an insurance policy like that is going to cost somewhat more.
I would have preferred the old system, since I can afford to self-insure, but many people cannot.
So, while the Inflation Reduction Act aims to lower overall healthcare costs for retirees, it may actually increase 2024-2025 Part D premiums for 75 percent of enrollees seeing no co-pay relief.
Econ-001 for the extremely remedial student.
Insurers pay for nothing. They just split the cost among the insured (and take some for themselves) so that no one gets hit with an extremely high bill. If you were splitting the bill at dinner and someone at the table shouted "dessert for everyone" would you be sure that your share of the bill was larger than it used to be, even if you turned down the dessert?
Everything insurance wise varies by state. Divide and conquer. Taking full advantage of some contortion of the commerce clause.
And it’s intended to annihilate the middle class.
“As with Part A, the Part B premium doesn’t change across the states”
https://www.ehealthinsurance.com/medicare/cost/will-moving-increase-my-medicare-premiums/
That has always been my understanding.
Both the media and the government are wholly-owned subsidiaries of the Major Global Corporations and Central banks.
Hold Gold and God, therein is salvation.
"Bidenomics Fails Again! Inflation Reduction Act May Actually Increase Insurance Premiums For Retired Americans Increase By 42-57% In 2024 (Household Insurance Rises By Most Since Pre-Covid)"
FR: Never Accept the Premise of Your Opponent’s Argument
Democratic and Republican Trump-supporting patriots are reminded that the states expressly constitutionally gave Congress. not the constitutionally undefined Federal Reserve, the power only to regulate the value of money to deal with inflation.
"Article I, Section 8, Clause 5: To coin Money, regulate the Value thereof [emphasis added], and of foreign Coin, and fix the Standard of Weights and Measures;"
Speaking of insurance and CV19, neither have the states expressly constitutionally given the post-17th Amendment ratification federal government the specific power to dictate, regulate, tax and spend for either healthcare or insurance purposes, federal regulation of these issues based on stolen state powers imo.
”State inspection laws, health laws, and laws for regulating the internal commerce of a State, and those which respect turnpike roads, ferries, &c. are not within the power granted to Congress [emphases added]” —Gibbons v. Ogden, 1824.
”4. The issuing of a policy of insurance is not a transaction of commerce [emphasis added] within the meaning of the latter of the two clauses, even though the parties be domiciled in different States, but is a simple contract of indemnity against loss.” —Paul v. Virginia, 1869. (Insurance is a contact, not commerce.)
That being said, the next major political event in USA is not hopeful Trump 47 being elected a third time, but Democratic and Republican Trump-supporting patriots getting ready ASAP to support Trump campaign by primarying ALL state and federal, lawmakers and executives, except for MTG Gaetz & Company (and others?), for the 2024 primaries.
After all, lawmakers and executives continue to show that they do not have the patriotism and leadership skills necessary to find legislative support for effective remedies for unconstitutional government policies.
In fact, consider that, since one of the very few powers that the states have expressly constitutionally given to the big, bad federal government to dictate peacetime domestic policy is to run the US Mail Service (most federal domestic policy actually based on stolen state powers imo), the worst problem that the country would otherwise be looking at with a new Congress of Trump-supporting freshman lawmakers is arguably that citizens that would ultimately get into the habit of lightheartedly questioning if the federal government has shutdown if they receive their mail a few days late.
"Article I, Section 8, Clause 7: To establish Post Offices and post Roads;"
"From the accepted doctrine that the United States is a government of delegated powers, it follows that those not expressly granted, or reasonably to be implied from such as are conferred, are reserved to the states, or to the people. To forestall any suggestion to the contrary, the Tenth Amendment was adopted. The same proposition, otherwise stated, is that powers not granted are prohibited [emphasis added]." —United States v. Butler, 1936.
Trump can endorse candidates from lists that patriots who respect the federal government's constitutionally limited powers provide for him, as long as candidates are not incumbents, candidates also promising to repeal the 16th (direct taxes) and 17th (popular voting for federal senators) Amendments (16&17A) after they win office.
Consider the repealing of 16&17A as part of reparations for victim taxpayers of the unconstitutionally big federal government for having to pay a lifetime of unconstitutional federal taxes, taxes that Congress cannot reasonably justify under its constitutional Article I, Section 8-limited powers and a few other constitutionally enumerated expenses.
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States." —Justice John Marshall, Gibbons v. Ogden, 1824.
“If the tax be not proposed for the common defence, or general welfare, but for other objects, wholly extraneous, (as for instance, for propagating Mahometanism among the Turks, or giving aids and subsidies to a foreign nation, to build palaces for its kings, or erect monuments to its heroes,) it would be wholly indefensible upon constitutional principles [emphases added].” — Justice Joseph Story, Commentaries on the Constitution 2 (1833).
From the congressional record:
”Simply this, that the care of the property, the liberty, and the life of the citizen, under the solemn sanction of an oath imposed by your Constitution, is in the States and not in the federal government [emphases added]. I have sought to effect no change in that respect in the Constitution of the country.” —John Bingham, Congressional. Globe. 1866, page 1292 (see top half of third column)
"From the accepted doctrine that the United States is a government of delegated powers, it follows that those not expressly granted, or reasonably to be implied from such as are conferred, are reserved to the states, or to the people. To forestall any suggestion to the contrary, the Tenth Amendment was adopted. The same proposition, otherwise stated, is that powers not granted are prohibited [emphasis added]." —United States v. Butler, 1936.
“Cherish, therefore, the spirit of our people, and keep alive their attention. If once they become inattentive to the public affairs, you and I, and Congress and Assemblies, judges and governors, shall all become wolves [emphasis added]. It seems to be the law of our general nature.” - Thomas Jefferson (Letter to Edward Carrington January 16, 1787)
Pelosi: "We have to pass the bill so that you can find out what is in it." (non-FR; 6 sec.)
Democrats Are Terrified Of An Educated And Informed Public (3.12.23)
Patriots, let's not allow ourselves to be fooled for third time in 2024 by the corrupt, constitutionally undefined political parties that have pirated control of state and federal governments.
The definition of insanity is reelecting your beloved career state and federal lawmakers and executives over and over again, expecting those same politicians to find remedies for unconstitutional government policies every time.
Finally, consider that probably the main reason that we hear media complaints about the electoral college is that it is the only thing stopping the corrupt political parties from establishing a permanent puppet presidency that will unquestioningly sign unconstitutional taxing and spending bills into law.
“There is no free mainstream media in the United States, it is all government controlled.”
*************
Profoundly true. Even those few people in the media who are not totally ideologically aligned with our liberal rulers are nonetheless beholden to the governing elites in the sense that there’s a symbiotic relationship at play. The media gets scoops from friendly government insiders who in turn expect the media to do their bidding. Its basically a quid pro quo arrangement that the media willingly goes along with.
Its also important to remember that the government, and their allies in the media, only tell us what they want us to know. As you say, its all controlled. And its corrupt.
The West Virginia turd put it over finish line.
PLANS, not Parts, C, D, G and N are supplemental plans all having the same benefit supposedly but different administrators and costs vary greatly by the carrier. Plan F is not available any longer but some still have it if they are grandfathered.
Retired Americans won’t be of any use at the labor camps best to get rid of them now.
So far things are going as planed.
“A jelly donut . . . . You’re going to eat it — they’re going to pay for it.”
Progressives truly believe that there IS a economic setting (just like dials on an old transistor radio) that if they can just find it, Utopia will arrive.
This is why they never admit they are wrong but will abandon a failing idea and then replace it with something close to the original.
They refuse to accept the possibility that their entire concept is flawed.
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