Posted on 08/14/2024 4:38:19 PM PDT by dennisw
'The program is in a death spiral,' former domestic policy adviser to former President Trump says
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."
Paragon Health Institute, a health care research group, called the CMS demo plan a "fake, costly demonstration," in a recent analysis.
(Excerpt) Read more at foxnews.com ...
15 billion for retirees (old people like me) that paid into this plan..
Or....
Over 100 billion for Ukraine to fight Russians (another European war)..
What to do, what to do....
Untold billions for illegal immigrant...
Screw the taxpayers, ehhhh
I just signed up for Medicare. The premium is $174 per month.
In Medicare posts please indicate which part you are referring to—I am guessing you signed up for Part B—but if that is not correct please say so.
Part D is a separate issue not included in Medicare. Congratulations on reaching retirement.
your payment to Medicare doesn’t include Part D. May you enjoy retirement !!!!
Don't forget the parasite border jumpers who get free housing, free medicaid, free food, WIC, the whole tamale.
Grifters gotta grift while throwing the middle finger at US.
“We finally beat Medicare” - Joe Biden, June 27, 2024
“”We finally beat Medicare” - Joe Biden, June 27, 2024””
Has anyone ever gotten an explanation as to what he meant by that idiotic statement in the debate?
BKMK and p.o.ed!
Right. My wife is on my plan as a dependent under 65. Now she turns 65 and we are saddled with an extra $174/month for the same insurance we have now. The extra premium is the only thing that has changed.
Don’t forget the college loan freeloader scandal. Biden/Harris are about to unleash $147 Billion October surprise in an effort to buy Harris votes.
The Medicare person said I had to sign up for Parts A and B, so it’s $174 per month for both. As soon as I get my cards I’m considering signing up for Tricare For Life.
Thank you!
It’s for A and B. No D.
Do you have Tricare for the family?
part D is the drug program started under GWB..
dont know what medicare part B will increase to as of yet
part A is free only part B you pay a premuim of $174
No, I don’t know what that is. We both had Medicare Advantage for all I know. To get her on the over 65 on my plan she had to sign up for medicare A & B, which she did and booyah! we get a note from medicare she’s losing $174/mo. But our insurance stays the same. Our Medicare Advantage stays the same @$160/mo. I thought our insurance was through medicare and they administered it but now we’re paying for two insurances it seems.
That’s good info, I didn’t know. Thank you.
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