'Indeed, Biden’s remarks have simply reaffirmed Washington’s Medicare policy for most of the program’s history. It’s the policy strategy that has worsened the program’s financial problems while threatening seniors’ access to quality care,' Moffit writes.
For example, Biden has accused congressional Republicans of turning Medicare into a “voucher” program. A voucher is a certificate or a piece of paper redeemable in cash for a good or service. No House or Senate Republican has sponsored any such program.
Second, Biden doubles down on the alleged advantages of price-controlled Medicare payments. Biden promises to build on Medicare’s newly enacted “negotiation power.” That’s a false characterization of the process. Medicare does not “negotiate” prices; it fixes them.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Powell will have to push rates even higher for the Fed to get inflation to 2%OPINION: If the job market continues its robust pace of hiring, rents will begin their ascent again and drag up inflation prints, again with a lag.
Read more »
Biden will seek Medicare changes, up tax rate in new budgetPresident Joe Biden has started to unveil parts of his budget proposal being released later this week
Read more »
Balancing federal budget, eliminating deficit without cutting defense, Social Security, MedicareIf you want to balance the budget without raising taxes or cutting defense, Social Security, and Medicare, you'd probably have to fire nearly every park ranger and cut 70% of anti-poverty spending
Read more »
Biden to unveil plan averting Medicare funding crisis, challenging GOPThe White House would raise taxes on high earners and reduce government payments for some prescription drugs in a bid to keep the program stable.
Read more »
Biden to tax high-earners to save MedicareU.S. President Joe Biden will propose raising the Medicare tax on high earners to help keep the federal insurance program solvent as part of his budget to be released on Thursday, the White House said.
Read more »