There is a looming spike in Medicare premiums coming and Democrats are desperately trying to stop that spike in Medicare premiums before the election.
The Inflation Reduction Act redesigned Medicare Part D by capping patient out-of-pocket spending and spending and shifting the cost to insurers. Squeeze insurers whole reduce the government's projected cost for entitlements.
Democrats anticipated that premiums would go up so they capped the annual increases in base premiums to 6%.
Insurers are now reporting that many people's premiums are about to increase dramatically for Medicare Part D.
Why? Well, because the cap only affects people who get the bare bones plan and the majority of people who have Medicare Part D do not have the bare bones plan.
If you think democrats care about the premium increase, you are wrong. However, Democrats are in panic mode because seniors will be notified of those increases before the election.
So, democrats are using the Centers for Medicare and Medicaid to do damage control, they are using Medicare demonstration projects to delay notification of the premium increases until after the election.
Democrats wanted to shift costs to insurers in the Part D redesign so insurers would have the liability of managing the costs.
This backfired...insurance companies are raising costs.
Now seniors are screwed and the IRA will cost much more then Democrats told you it would.
HELLO Republicans, why are you not screaming about this everywhere?
The Inflation Reduction Act redesigned Medicare Part D by capping patient out-of-pocket spending and spending and shifting the cost to insurers. Squeeze insurers whole reduce the government's projected cost for entitlements.
Democrats anticipated that premiums would go up so they capped the annual increases in base premiums to 6%.
Insurers are now reporting that many people's premiums are about to increase dramatically for Medicare Part D.
Why? Well, because the cap only affects people who get the bare bones plan and the majority of people who have Medicare Part D do not have the bare bones plan.
If you think democrats care about the premium increase, you are wrong. However, Democrats are in panic mode because seniors will be notified of those increases before the election.
So, democrats are using the Centers for Medicare and Medicaid to do damage control, they are using Medicare demonstration projects to delay notification of the premium increases until after the election.
Democrats wanted to shift costs to insurers in the Part D redesign so insurers would have the liability of managing the costs.
This backfired...insurance companies are raising costs.
Now seniors are screwed and the IRA will cost much more then Democrats told you it would.
HELLO Republicans, why are you not screaming about this everywhere?
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