President Joe Biden boasted of a decrease in premiums for Medicare Part B as the “first” reduction “in more than a decade.” That’s true. But he neglected to mention the drop follows a large increase the prior year, partly due to anticipated Alzheimer’s drug expenses, which didn’t actually materialize.
The Inflation Reduction Act proposes to raise over $700 billion in new revenues over 10 years to be spent on energy, climate change initiatives, health care and deficit reduction. But not all of those revenues come via higher taxes. More than half comes from health care savings and from beefed up IRS tax enforcement.
As part of his plan to downsize the federal government, Republican Sen. Rick Scott says he wants all federal legislation to “sunset” in five years, and “[i]f a law is worth keeping, Congress can pass it again.” Well, Social Security, Medicare and Medicaid were all created by legislation. And now Democrats are saying Republicans want to end those programs.
Democrats tried but failed to expand Medicare coverage to include dental benefits in the Build Back Better bill. Yet a Facebook post tells seniors they have until Jan. 31 to apply for “free dental work” under a recently announced Medicare “stimulus.” There is no such program, and traditional Medicare doesn’t cover dental work except in rare circumstances.