OPINION: There's an irony to Biden's Medicare lie about Republicans
Republicans attending President Biden's State of the Union address react with boos over claims former President Trump added 25% of the entire national debt and Republicans want to sunset Medicare and Social Security.During his recent State of the Union address, President Joe Biden shamelessly lied to the American people about the priorities of the House Republican Conference in the 118th Congress. His sorry accusations – while entirely predictable – couldn’t be farther from the truth.
According to a notice from the Centers for Medicare and Medicaid Services, the Biden administration has proposed an average 2.3 percent payment cut to Medicare Advantage, which would slash more than $4.7 billion from this vital program that serves over 30 million American seniors.
The basic laws of economic theory posit that fewer choices result in higher costs. The healthcare ecosystem is no different. By increasing operational costs for health insurers, our seniors will suffer from subpar care, endure longer wait times, and perhaps even lose their favorite doctor – a scary preview of the ills of socialized healthcare.
However, President Biden’s overt cuts to Medicare are not the only threats facing our seniors. Willfully ignorant to the ramifications of his wasteful agenda, he flooded our economy with $6 trillion in new government spending that fueled record inflation and sharply increased spending on Social Security; an adjustment our seniors absolutely need in this poor economy. Now, our Medicare and Social Security trust funds face insolvency far earlier than originally projected.
Complicating the already dire situation, the Biden administration also paid able-bodied workers to stay home and collect a paycheck long after the COVID-19 pandemic had subsided. This ill-advised policy discouraged capable individuals from re-entering the workforce and contributed to our distressing trust fund drought.
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