aubiefifty 18,398 Posted October 10, 2022 Share Posted October 10, 2022 Biden takes victory lap on Inflation Reduction Act's insulin cap, blames Republicans for not backing it Lawrence Richard Sat, October 8, 2022 at 11:08 PM President Joe Biden jumped on social media Saturday night to take a victory lap on the Inflation Reduction Act, a signature piece of legislation the president is parading ahead of November’s midterm elections. In a pair of tweets, Biden — who campaigned on "Bringing America together" and "uniting our nation" — knocked Republicans for supporting only "the wealthiest Americans" and opposing a cap on insulin prices. "If you’re on Medicare, your insulin will be capped at $35 a month thanks to the Inflation Reduction Act. We wanted to cut the cost of insulin for everyone—including hundreds of thousands of children with Type 1 diabetes—but Republicans voted to strike that out of the bill," Biden tweeted. In a separate tweet, Biden claimed Republicans were swift to help corporations. Democrats, he said, were swift to implement taxes against them. - ADVERTISEMENT - HOUSE PASSES BILL CAPPING INSULIN AT $35 A MONTH FOR PATIENTS WITH INSURANCE "Republicans had no problem enacting a $2 trillion tax cut that overwhelmingly benefited the wealthiest Americans and biggest corporations," the president tweeted. "Now, thanks to the Inflation Reduction Act, corporations will have to pay a minimum corporate tax of 15%." Biden’s $430 billion Inflation Reduction Act, which he signed into law in August, caps the cost of a month’s supply of insulin to $35. Medicare recipients will also not have to pay a deductible for insulin, starting on January 1, 2023. The law also authorizes the federal government to negotiate prices on some prescription drugs and cap costs for the government's Medicare health program, Reuters reported. The government will start negotiating prices for 10 drugs in 2024, which are slated to take effect in 2026. The first of the medicine prices to be negotiated will be for medications that treat diseases such as diabetes, cancer and arthritis. The specific medications will be announced in 2023. HEALTH CARE CEOS THANK TRUMP ADMINISTRATION FOR CAPPING SENIOR INSULIN COSTS TO $35 A MONTH The new law also caps out-of-pocket pharmacy drug costs for those enrolled in Medicare at $2,000 per year, starting in 2025. While Biden’s victory lap included criticizing Republicans for not supporting the cap, it was Republicans — namely former President Donald Trump in 2020 — that first limited the cost of Part D prescription insulin to a maximum $35 copay for a month’s supply. "President Trump has forged partnerships with pharmaceutical manufacturers and plans to deliver lower priced insulin to our nation’s seniors," Centers for Medicare & Medicaid Services (CMS) Administrator Seema Verma said at the time. "This market-based solution, in which insulin manufacturers and Part D sponsors compete to provide lower costs and higher quality for patients, will allow seniors to choose a Part D plan that covers their insulin at an average 66 percent lower out-of-pocket cost throughout the year." THE COST OF INSULIN CAN BE DEADLY Biden rescinded the Trump healthcare action within his first year in office. In recent weeks, Biden has increased his propagandizing against Republicans as the midterm elections are just over 30 days away. CLICK HERE TO READ MORE ON FOX BUSINESS His recent tweets from the official presidential account include calling some Republicans "extremist," suggesting Trump supporters are "pro-insurrection," claiming the Republican Party would enact a nationwide abortion ban and that the GOP would "enact extreme policies to threaten access to basic health care." Pentagon spokesperson tamps down concerns over nuclear ‘Armageddon’ The Guardian CNBC Legend Goes on Record Ad•Empire Financial Research... These potential October surprises could upend midterm elections Fox News The next best thing to a debate? Lake, Hobbs make back-to-back appearances on national TV AZCentral | The Arizona Republic Trump speaks via video at rally of global far-right in Spain Associated Press Doctors Are Begging People To Get This Smartwatch! Ad•Kinetic Pro... Biden pardons federal marijuana possession offenses KRIV Education Secretary is 'more excited' about income-driven payments than forgiveness Yahoo Finance Pet care is ‘a resilient industry’: PetSmart CEO Yahoo Finance Supporting communities Ad•Regions Bank... Student loan forgiveness plans receive criticism from Republican lawmakers Yahoo Finance Video UN ponders rapid armed force to help end Haiti's crisis Associated Press Link to comment Share on other sites More sharing options...
DKW 86 7,932 Posted October 11, 2022 Share Posted October 11, 2022 I am for now a contractor and having to self insure thru the ACA Portal. OMG how inane is that piece of govt insanity. DO NOT GET ME WRONG. We would have nothing if not for the ACA. NOTHING!!!!! My premiums for myself, wife, and son in college are $2330/Month BCBS. I pay right at $600 a month myself and the taxpayers kick in $1730/Month based on income. Why do we not have M4A? Why would anyone oppose Caps on Insulin Gouging? Why do otherwise sane people WANT TO DO EVIL to fellow citizens? Just because YOU got health care doesnt mean that we all dont deserve it. "But Dave, we cant afford it..." bull****. You are already paying $1730 a month for us. If we negotiated as a nation on this we could do public option NO PROBLEM. Just like every other nation in the world. 1 Link to comment Share on other sites More sharing options...
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