Avatar
All Posts by Empower Wisconsin

Biden’s health care deception

By Philip Klein, National Review

During his speech to the joint session of Congress, President Biden made the case for expanding Obamacare so that its subsidies would be more generous and cover more people. He then said:

Let’s give Medicare the power to save hundreds of billions of dollars by negotiating lower prices for prescription drugs.

That won’t just help people on Medicare – it will lower prescription drug costs for everyone.

The money we save can go to strengthen the Affordable Care Act – expand Medicare coverage and benefits – without costing taxpayers one additional penny.

This is problematic on several levels. First, there is no basis on which to claim that Medicare could save hundreds of billions of dollars by negotiating drug prices. The Congressional Budget Office has questioned whether the leverage that the Secretary of Health and Human Services would have over drug manufactures is really greater than a private plan. For instance, could a politically appointed official really issue a credible threat to walk away from negotiations over a drug, knowing that Medicare beneficiaries — a powerful voting bloc — could get angry if a given drug is not covered? In a 2019 note recounting its work on the topic, CBO said it stood by its prior conclusion that “providing broad negotiating authority by itself would likely have a negligible effect on federal spending.”

So there isn’t much to speak of in terms of savings from negotiations. And yet, Biden claimed tonight that the supposed savings would be enough to pay for an Obamacare expansion, which would cost $200 billion, according to the White House “fact sheet” released earlier Wednesday.

Biden also claimed he wants to use the phantom savings to “expand Medicare coverage and benefits”  and to do so “without costing taxpayers one additional penny.”

Biden accounting in a nutshell: manufacturing phony savings, and then using those “savings” to claim he has a magical plan to pay for hundreds of billions of dollars in liberal wish list spending.

Read more at National Review.

Listen to more:

Explore More
Questioning the election is not a crime

Questioning the election is not a crime

By Mollie Hemingway, The Federalist If questioning the results of a presidential election were a crime, as many have asserted…

Read More »

May 14, 2021
Evers refuses to loop Republicans in on spending plan

Evers refuses to loop Republicans in on spending plan

By M.D. Kittle MADISON — The co-chairs of the Legislature’s Joint Finance Committee say Gov. Tony Evers is only making…

Read More »

May 14, 2021
Foul-mouthed Dem calls business advocate ‘whiney bitches’

Foul-mouthed Dem calls business advocate ‘whiney bitches’

MADISON — State Rep. Francesca Hong, the Madison Democrat who once publicly called the Wisconsin Tavern League the “C-Word,” is…

Read More »

May 14, 2021
Tool of the Week: Cumberland’s Mask Stasi

Tool of the Week: Cumberland’s Mask Stasi

MADISON — Even as COVID-19 numbers plummet, the mask Stasi are turning the screws on those who fail to wear…

Read More »

May 13, 2021
Leave it to Evers: Not until ‘it’s safe’

Leave it to Evers: Not until ‘it’s safe’

MADISON — At a press conference Wednesday, Gov. Tony Evers chuckled when asked by a reporter, “When are you going…

Read More »

May 13, 2021
Inflation soars as Biden seeks $4 trillion more

Inflation soars as Biden seeks $4 trillion more

By Philip Klein, National Review Inflation has seen its largest increase in decades even as President Biden pushes another $4…

Read More »

May 13, 2021

1 thought on “Biden’s health care deception

  • The Phantom of the White House waves his wizardly wand, soulless eyes seeing nothing, vacuous mind grasping less, creating fantasmal plenty for fanciful debt, he soothes the mindless throng of subservient, who, as directed, silently cheer for they have no voice. No law. no order, only disorder, anarchy reigns, justice refrains…and they live unhappily forever after. “There it is, Wendy. Second star to the right and straight on ’til morning.”

Leave a Comment

Your email address will not be published. Required fields are marked *