Democrat Healthcare Agenda Is Shakier than Biden’s…
On June 15, Elaine Parker wrote an op-ed comparing the shakiness of Democrats’ healthcare agenda to the shakiness of Biden’s candidacy. The warning is all the more ominous after Biden’s candidacy has indeed fallen.
At the center of the Medicare fiasco is the comically misnamed Inflation Reduction Act, which was signed into law by Biden back in 2022. The federal legislation not only fanned the flames of economy-wide inflation by spending an additional $1.2 trillion but provisions specifically flipped Medicare upside down for seniors.
The law empowers the Department of Health and Human Services (HHS) to apply price controls on certain prescription drugs accessed through Medicare. Beyond the chilling effect the policy will have on the development of new lifesaving treatments and therapies—which is already playing out—seniors will be stuck with higher prices and fewer choices.
