Biden is cutting Medicare benefits through the so-called Inflation Reduction Act
- In 2025, both government subsidies and out-of-pocket payments by patients are scheduled to be cut sharply
- The difference will have to be made up by premiums
- Biden has claimed to want to cut the costs of prescription drugs like insulin, despite canceling an order by President Trump to lower the prices of insulin
- He and his party also claimed during the midterm elections that Republicans wanted to eliminate Social Security and Medicare
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