Saturday, August 13, 2022

Let's hope it doesn't work 'as well' as Obamacare. Jeez...

What this has to do with inflation someone'll have to explain to me. 
This provision in the bill caps payments for seniors with the government picking up the rest of the tab through Medicare, so isn't that going to increase Federal spending? Isn't Federal over-spending the reason for this inflation in the first place? The minds swell at the thought of these morons running our country.
The changes are tucked inside a massive spending-and-tax bill in Congress that includes $433 billion in investments in health-care and clean energy. House Democrats passed the Inflation Reduction Act on Friday in a 220 to 207 vote along party lines, ending a tortured legislative process that took more than a year.
 

The bill empowers the Health and Human Services Secretary to negotiate prices for certain drugs covered under two different parts of Medicare and punish pharmaceutical companies that don’t play by the rules. The legislation also caps out-of-pocket costs at $2,000 starting in 2025 for people who participate in Medicare Part D, the prescription drug plan for seniors.
 The irony of all of this is that the American Association of Retired Persons, which represents 38 million people - old folks like me - described the legislation as a historic victory for older adults. AARP CEO Jo Ann Jenkins said the group has fought for nearly two decades to allow Medicare to negotiate drug prices. Millions of older adults are now “one step closer to real relief from out-of-control prescription drug prices,” Jenkins said earlier this week.
 

Fuck the kids and the grandkids and the great-grandkids who will be 
footing these costs in the future. Now is all that matters to politicians.
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2 comments:

  1. Cheaper drug prices with Pfizer owning the House? fat chance.

    ReplyDelete
  2. If you think Medicare is going to negotiate for LOWER prices I've got some beach front property east of Reno I can give you a good price on......

    ReplyDelete

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