Will Joe Biden Cancel His Fellow Seniors’ Medicare Plans?
It's no surprise that someone who went out of his way to avoid paying hundreds of thousands of dollars in Medicare taxes would agree to jeopardize the Medicare coverage of 27 million beneficiaries.
By Christopher Jacobs
October 25, 2021
Twelve months after Joe Biden claimed at the final presidential debate that “not one single person, private insurance, would lose their insurance under my [health] plan,” Democrats stand on the precipice of turning Biden’s statement into a reprise of Barack Obama’s “If you like your plan, you can keep it” Lie of The Year. The effort could cost millions of seniors their private Medicare plans, as Democrats raid one government program to create others.
With Democrats searching for politically acceptable ways to fund their multi-trillion-dollar spending spree, Medicare Advantage, the program in which private insurers provide Medicare benefits to seniors, appears on the table for cuts. Senate Budget Committee Chairman Bernie Sanders, I-Vermont, recently confirmed this fact to Politico; the outlet quotes potential reductions as high as “the low hundreds of billions of dollars.”
The effort could gut a program that has skyrocketed in popularity. Over the past decade, Medicare Advantage enrollment has grown in both absolute and relative terms, reaching an estimated 27.4 million seniors this year. By the end of the decade, the Medicare actuary projects that nearly half of all seniors will enroll in MA.
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https://thefederalist.com/2021/10/25/will-joe-biden-cancel-his-fellow-seniors-medicare-plans/
