On 12/21/23 10:54 AM, ScottW wrote:
On Thursday, December 21, 2023 at 7:31:44 AM UTC-8, mINE109 wrote:
On 12/20/23 12:21 PM, ScottW wrote:
They just can't understand that increasing benefits will increase costs. >>>
That...or they just plain lied for political gain.
https://www.msn.com/en-us/news/politics/democrats-haunted-by-past-support-for-signature-biden-law-as-seniors-face-dramatic-rise-in-medicare-costs/ar-AA1lIOyf?ocid=msedgntp&pc=ASTS&cvid=5337be86593d4958b5bb889842eec314&ei=24
I departed from my usual habit of ignoring your links in this case
because I couldn't tell what you were talking about. After seeing the
Fox report laundered by the msn site, I still don't know what you're
talking about.
I don't know if this will help as you apparently cannot read.
The problem is Fox can't write and the website is a mess.
"as experts say the IRA is driving up Medicare Part D prescription drug premiums by as much as a whopping 57% in some states, compared to 2023."
Thanks! Compare that to the Fox hed of "Vulnerable Democrats facing
tough 2024 races are being haunted by their support for the Inflation
Reduction Act..."
With actual info in hand...
https://www.msn.com/en-us/money/markets/medicare-part-d-premiums-expected-to-rise-in-2024-2025/ar-AA1l6daj
Will rise. Scary!
MSN summary: "Medicare Part D premiums will rise in 2024 and 2025, but
the Inflation Reduction Act should offer some relief."
Not as scary. No, I don't know why it's in the search page summary but
not the msn repost.
Medicare Part D is considered a boondoggle for Big Pharma but is
politically popular because seniors don't pay as much directly. The IRA
will allow the government to negotiate lower prices but the number of
drugs involved is small and consumers won't necessarily see lower
out-of-pocket savings.
Yahoo/Finance: "[T]he primary driver of higher Part D premiums is
believed to be the reduction in the catastrophic cap on drug-related out-of-pocket costs from $8,000 in 2024 to $2,000 in 2025. It details
how the cost sharing methodology will change from the government
currently picking up 80% of costs in excess of the 2024 limit, to
carriers picking up 60-80% of costs above the new lower cap. This is
expected to lead to a higher cost burden for carriers, which it appears
is now being shifted to retirees in the form of higher premiums."
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