Democrats want to rain Medicare to pay for Obamacare – again
There were a lot of ingredients in the 2010 Republican electoral landslide. Perhaps the most significant was that by raiding
Remarkably, 12 years later
This time the conceit is that they can drain
The
Proponents pretend this is a free lunch, that seniors will have access to the same drugs at steeply lower prices. Reality doesn't work that way.
Imposing price controls to siphon hundreds of billions of dollars out of Medicare prescription drug spending will clearly result in few new cures and treatments available to seniors. An analysis of an earlier version of the Democratic price control plan by
Meanwhile, the health insurance industry has been feasting on larger-than-ever Obamacare subsidies that were stuffed into Biden's
Now the big insurance companies are in all-out lobbying blitz to get the expanded subsidies extended, claiming it is the only way to avoid sharp premium increases – even though health system utilization is still below 2019 levels as many people remain hesitant to go back to doctors and hospitals.
As in 2010, the insurance industry is relying on
The bet by
We've seen that one before. The result? Republican landslide.
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