Millions of seniors nationally are about to receive a nasty surprise — one that former President Joe Biden and Congressional Democrats set in motion more than three years ago.
This fall, insurers will mail out Medicare prescription drug plan notices, alerting seniors to the record premium increases that’ll take effect this coming year. If seniors try to switch plans, they’ll soon find they have fewer options than ever before.
None of this is a coincidence.
It’s the culmination of years of ill-advised Democratic Party policies and price controls designed to cut government costs by shortchanging seniors.
It all traces back to the Biden administration’s Inflation Reduction Act.
When Democrats muscled the IRA through Congress in 2022 without a single Republican vote, they promised it would save seniors money — and on first glance, it seemed like it might. But that hope quickly faded.
The law empowered bureaucrats to institute a socialist-style cap prices on certain drugs purchased by Medicare.
It also rearranged the basic structure of Medicare
Don’t Let Democrats Off Hook for Breaking Medicare
