Join us on America’s Voice Live as Michelle Backus and AMAC Action Senior Vice President, Andy Mangione dive into a controversial maneuver by the Biden-Harris administration involving Medicare Part D. The spotlight is on a staggering $5 billion plan aimed at alleviating premium increases that have arisen from the Inflation Reduction Act, just ahead of the upcoming elections.
Full Transcript:
Michelle Backus: Louisville, Kentucky or Louisville is how you’re supposed to say it. Welcome back to America’s Voice Live. AMAC Action has been sounding the alarm over a move by the Biden Harris administration to funnel taxpayer money to Medicare Part D plan sponsors in an effort to eliminate the premium increases caused by the Inflation Reduction Act, now initiating a demonstration program just in time for the general election.
Senator Rand Paul from Kentucky recently sent a letter to the Department of Justice calling for an investigation into the 5 billion venture that would offset Medicare premium increases. In the letter, the senator stated that this could be a violation of the Hatch Act. by the Biden Harris administration, which limits certain political activities of federal employees.
Joining me now to discuss this is the AMAC Action Senior Vice President, Andy Mangione. Andy, thanks so much for being with us.
Andy Mangione: My pleasure. Thanks for having me.
Michelle Backus: So Andy, explain to us what’s going on here.
Andy Mangione: the Inflation Reduction Act redesigned the Medicare Part D benefit, and it mandated lower out of pocket caps for beneficiaries.
Now, that sounds great, but these mandates offloaded the risk to Part D plan sponsors who had to raise premiums to compensate for the mandates. So the Biden Harris administration Cooked up a scheme to spend five billion taxpayer dollars to offset these Medicare premium increases. As you mentioned before, right before the election, they don’t want seniors facing the increased premium costs for their Medicare drug benefit that were caused by the inflation reduction act right before the November election.
Michelle Backus: Why do you think this isn’t getting a lot of attention right now? Because I feel like this has been brushed under the rug amongst everything else going on. I
Andy Mangione: You are absolutely right, and your instinct is correct here. This is not getting a lot of attention. As a matter of fact, as best as I can tell, AMEC is the only large senior group that’s been sounding the alarm on what’s going on here.
And thank God for Rand Paul. Now, what, the Biden Harris administration can do, because they’re using taxpayer money to bail out Part D plant sponsors, is say, hey, They issued a press release from their CMS last week saying, that Medicare Part D premiums are going to be lower in 2024 and in 2025, but they’re using taxpayer dollars to artificially lower Part D expenses all because of the Inflation Reduction, Reduction Act.
Now, AMAC applauds Senator Paul’s action, and we joined with him in calling for an investigation into this well timed and somewhat dubious maneuver. to use taxpayer funds to lower party premiums that were increased due to the Biden Harris administration’s bad policies.
Michelle Backus: You said that you’re joining and calling for an investigation.
Do you think it will actually happen?
Andy Mangione: I don’t know. I think ultimately, I think it’s got a good shot. Now, I guess the question is, when will it happen? Will it happen before the election? the election is just over a month out. I’d like to hold out hope that we might be able to see something, but rest assured AMAC action will make a loud noise to draw attention to what the Biden Harris administration is doing using taxpayer money to bail out a Medicare Part D plan sponsors.
Michelle Backus: Andy, before we let you go, it’s interesting because the Biden Harris administration continually paints themselves as an ally to many different groups, including senior citizens, but that’s not necessarily the case. Explain why.
Andy Mangione: it’s funny because this whole inflation reduction act was sold to us that it would, lower cost for seniors with regard to Medicare Part D, but the benefit redesigned has actually caused a 21 percent increase in premiums for 2024 and on the end, it’s projected an almost 50 percent increase in 2025. These increases were so startling that they had to inject plan sponsors with taxpayer money. Also, if you look at the inflation reduction act, they’re paying for green new deals with any quote unquote savings that they realized from prescription drugs, from the Medicare program. So if you look at what they’re doing. They’re looking at paying for their green new deal fantasies on the backs of Medicare beneficiaries and senior citizens.
Michelle Backus: Yeah, truly despicable. Andy Mangione, thank you so much for being with us and raising awareness about something that clearly is not being talked about, especially in the mainstream media, but who’s shocked there, Right.
Andy Mangione: Thank you.
Michelle Backus: Thanks so much, Andy. I appreciate it. don’t wait. You heard him go to AMAC.US/Voice today to become a member today.
That’s AMAC.US/Voice. A great organization. Of course, we all love here at real America’s voice. after the break, we’ll have a story that reminds us of how wonderful America is because it is plus your answers to our America’s voice question of the day. What did you think about the walls Vance debate last night?
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