Kamala Harris helped preside over one of the most incompetent administratons in decades.
The bill is going to come due for her failures.
And one ticking bomb facing Kamala Harris left Democrats a nervous wreck.
Healthcare costs continue to skyrocket
Former President Barack Obama made the political equivalent of offering voters a shiny pony when his Affordable Care Act also known as Obamacare passed.
He promised that the bill would lower health care costs and improve care.
Democrats claimed that Obamacare would bend the cost curve and bring the growing cost of healthcare.
The exact opposite happened.
Healthcare costs exploded under Obamacare.
Vice President Kamala Harris has touted the work that she and the administration she serves in have done to lower healthcare costs.
Consulting company Mercer found from a survey of employers that company-provided health insurance costs will skyrocket for a third straight year.
Health insurance costs increased 7% in 2024 and are expected to jump 5.8% next year.
Mercer found that half of employers would cut costs on the healthcare plans they offer by making their employees pay for more expenses out of pocket.
Healthcare expenses for employees are expected to grow faster than wages.
The Biden-Harris administration promised it would address healthcare costs by expanding tax credits for Obamacare to reduce health insurance premiums for millions of Americans.
Health care cost increases averaged 3% per year under former President Donald Trump.
Kamala Harris created a ticking bomb in Medicare
Kamala cast the tie-breaking vote in the Senate for the wildly misnamed Inflation Reduction Act – a slush fund for socialist Green New Deal policies – in 2022.
The Biden-Harris administration promised that the bill would lower prescription drug costs for seniors to help sell it.
The centerpiece of that bill was a $2,000 price on out-of-pocket expenses for prescription drugs for Medicare Part D recipients.
Kamala and Democrats took a victory lap claiming that they lowered drug costs for seniors.
Insurers participating in Medicare Part D raised premiums to compensate for having to pick up more of the costs for prescriptions with the price cap.
The Centers for Medicare and Medicaid Services (CMS) announced that it was going to cover part of the premiums for Medicare Part D in a transparent attempt to hide the Inflation Reduction Act’s price increases in an election year.
Cato Institute director of health policy Michael Cannon told the Daily Caller that the CMS intervention held a revolt by angry seniors at the ballot box.
“The $2,000 dollar cap [on Medicare out-of-pocket prescription drug costs] as well as other Inflation Reduction Act (IRA) provisions were slated to triple the cost of Part D,” Cannon explained.
“If millions of senior citizens see their premiums triple, they’d go to the polls and vote out those responsible,” Cannon said. “The White House isn’t lowering premiums by lowering costs, they are doing it by passing the cost on to taxpayers rather than enrollees.”
Whoever wins the election is going to have to deal with exploding costs for Medicare Part D next year. Kamala Harris helped break the program.
