Home » Biden’s Spendy Election Year Insurance Bailout Will Save Seniors Just $1.63 Per Month

Biden’s Spendy Election Year Insurance Bailout Will Save Seniors Just $1.63 Per Month

Rather than facing the consequences of the law they rammed through Congress, the Biden administration decided to tap taxpayers instead.

How can a health insurance plan offer increased benefits from one year to the next while simultaneously lowering premiums? Simple: Taxpayers pay the difference.

Such are the results from the “premium stabilization demonstration” — read: bailout — of the Medicare prescription drug program that the Biden administration announced this summer. While Kamala Harris, Biden’s putative successor, and Democrats will breathe a sigh of relief at the news of premium reductions, taxpayers will end up the losers from this costly giveaway to insurance companies.