Democrats Planning to Raid the Medicare Piggybank ,Again, To Subsidize Thier Rich Friends.
It's a good thing they allowed the invasion at our Southern Border to boost their voter rolls, or they simply plan on cheating again, because they just lost the seniors votes.
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You really can’t make this stuff up. After Sen. Joe Manchin, D-W.Va., said he opposed a massive new tax-and-spending bill, how did Democrats respond? Beyond throwing bile at Manchin for nixing the latest version of Build Back Better, reporters said that “Democrats’ remaining best-case scenario is passing drug price reforms and a temporary extension of enhanced Obamacare subsidies.”
Translation: A dozen years after Democrats raided Medicare to pay for Obamacare, lawmakers want to go back to the well again, plucking money from seniors to fund an extension of Obamacare insurance subsidies to the wealthy. It sounds like a line from a Democratic attack ad against Republicans — but it’s what Democrats want to ram through Congress in the weeks ahead.
Where would some of that money taken out of Medicare go? To extending the “temporary” increase in Obamacare subsidies included in last year’s “Covid relief” measure. But CBO previously admitted that most of the spending on these subsidies will go to people who already had health insurance, in no small part because wealthy individuals will now qualify for welfare assistance.
Obamacare itself limited eligibility for subsidies to families with incomes below four times the federal poverty level, or $111,000 for a family of four in 2022. But last year’s “Covid relief” measure eliminated that cap. As a result, some families, particularly those nearing retirement age and/or in rural areas with little competition among insurance plans, will qualify for subsidies with significantly higher incomes. In fact, some families making more than $400,000 — families whose taxes Biden wants to increase — could qualify for this expanded Obamacare welfare program.
You’d think an octogenarian president would take mercy on his fellow seniors, but that’s not Biden’s way.
Neglecting seniors and raiding Medicare to enrich themselves and their wealthy friends — that’s today’s Democratic Party.
thefederalist.com/2022/07/19/democrats-plan-to-snatch-medicare-dollars-from-seniors-to-subsidize-their-rich-friends/