Excerpts from recent editorials in the United States and abroad:
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Sept. 30
The Wall Street Journal on Biden, Medicare prescription drug premiums
’Tis the season for election handouts. On Friday the Biden Administration announced lower Medicare prescription drug premiums, which will naturally be paid for by taxpayers. The political irony is that Biden officials are increasing subsidies to insurers they otherwise vilify to mitigate pre-election harm from the Inflation Reduction Act.
The Centers for Medicare and Medicaid Services (CMS) touted in a press release that average Part D premiums will decline by about $90 next year while benefits will improve “thanks to the Inflation Reduction Act and other new enhancements.” P.S.: Seniors can show their gratitude by voting for Democrats.
Recall how Democrats sought to reduce Medicare drug spending by capping patient out-of-pocket costs at $2,000 annually and shifting more of the entitlement’s cost to insurers. CMS also sweetened…
