It’s all hands on deck to put Kamala Harris in the White House.
Now, the federal government is stacking the deck to make sure it happens.
And the Biden-Harris administration is using one dirty trick to propel Kamala Harris to victory.
Joe Biden is spending to prevent price hikes for Medicare prescriptions before the election
President Joe Biden used reducing the price of prescriptions covered by Medicare Part D to help sell the 2022 Inflation Reduction Act.
The $1.2 trillion bill was the biggest green energy bill in history, with a few extras thrown on top to help ram it through a narrowly divided Congress.
But the Inflation Reduction Act is driving up the cost of drugs with a $2,000 price cap on what seniors pay out-of-pocket for drugs.
Now, Insurers are passing the cost of having to absorb more of the cost of prescriptions by raising drug plan premiums.
Medicare Part D prescription drug premiums could jump as high as 55%.
That’s a big problem for Vice President Kamala Harris, running in a tight race for President.
Starting in the middle of September, new premium prices are going to be released, which could leave seniors with sticker shock.
That’s why the Biden-Harris administration is raiding the Medicare Trust Fund to hide the premium hikes until after the election.
Biden-Harris using taxpayer money to hide the cost of their failure
The Centers for Medicare and Medicaid Service is giving insurers up to $10 billion from the Medicare Trust Fund to cover the extra costs and limiting rate hikes to hide the problem the Inflation Reduction Act created.
U.S. Senator Bill Cassidy (R-LA) told Politico that this is a legally dubious election-year stunt.
“It’s using the federal treasury for political advantage,” Cassidy said. “This is a way for the executive branch to implement a policy which has very positive political ramifications for them, but with very sketchy legal standing.”
The Biden-Harris administration doesn’t care about the costs as long as it benefits Kamala politically.
“I don’t see them as being particularly hyper aware of the potential cost of all this,” Cassidy remarked. “I don’t think it matters to them, but it should matter to us as taxpayers.”
Former Trump adviser Joe Grogan said the maneuver is masking a problem that is eventually going to blow up because of the Inflation Reduction Act.
“They’ve destroyed Part D premiums,” Grogan explained. “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.”
Kamala Harris created a problem by casting the tie-breaking vote for the Inflation Reduction Act.
When the administration figured out the disaster it created, it illegally papered over it with taxpayer money to avoid political damage in an election year.
Now, there’s a ticking bomb with Medicare Part D premium price increases because the Biden-Harris administration used price controls to help sell a wildly misnamed green energy bill.
