d October 12, 2024 9:00am EDT
'Highway robbery': Critics blast VP Harris for 'violating' Medicare trust fund
'More highway robbery from the Dems on Medicare trust fund,' says critic
By Jamie Joseph FOXBusiness
Vice President Kamala Harris is facing backlash for vowing to secure the Medicare trust fund, as critics point out her administration's move to tap into it to offset premium hikes.
Both Harris and former President Donald Trump participated in a survey by the leading advocacy group for Americans over 50 years old – the American Association of Retired Persons (AARP) – covering social security and health care issues.
"I will always fight to protect and strengthen Medicare for this and future generations," Harris told AARP last week.
"That includes securing the Medicare trust fund and making sure that big corporations and the wealthy pay their fair share in taxes, which, by the way, they can afford to pay," she said.
In a move critics say is designed to shield the Biden-Harris administration from election fallout, the administration was discovered this year to have leveraged taxpayer funds to mask upcoming increases in Medicare premiums.
Under the Inflation Reduction Act, which was intended to cap out-of-pocket drug costs for Medicare beneficiaries, insurers are poised to significantly hike monthly premiums, with average bids for Part D plans expected to triple by 2025.
In response to potential voter backlash, the Centers for Medicare and Medicaid Services (CMS) rolled out a three-year "demonstration project" to subsidize these premiums, aiming to keep them artificially low.
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https://www.foxbusiness.com/fox-news-politics/highway-robbery-critics-blast-vp-harris-violating-medicare-trust-fund
