Even worse, Senator Schumer is working to resurrect Biden’s “Build Back Better” plan. The latest version of the bill could be over $1 trillion in additional spending. They will use this money to prop up Obamacare by extending temporary subsidies. These temporary subsidies hide the true cost of Obamacare and are set to expire in October. Democrats are trying to hide the cost of their failed policies while buying votes right before the midterm election.
The “big lie” Democrats are pushing with this bill is that much of the spending will be “paid for.” NOTHING could be further from the truth. Democrats are trying to “pay for” the bill by imposing draconian government price-controls on prescription medications purchased through the Medicare program.
This will only hurt American workers who get their insurance through work or pay for it out of their own pocket. Their costs will go UP as prescription drug costs are shifted to them to make up for the lost revenue from the government’s price controls. 82% of Americans are not on Medicare—they will be the one ones paying for this bill.
This is a hidden tax! American workers will still be paying for this trillion-dollar bill, but just through higher prices! More inflation!
The sad, cruel irony is that Congress is trying to “fix” inflation by spending more money. Their attempt to decrease health care costs will raise them. And propping up Obamacare is just performing surface repairs on a deeply cracked foundation. Congress’s efforts with this bill will only make everything worse!
To recap, here is how BBB hurts American workers:
- Spends $$$ to prop up a failed Obamacare system
- Imposes soviet-style price-controls on prescription medications (but only the government gets these sweetheart prices)
- Raises health care costs for individuals with private insurance
- Creates more government theft through inflation
>>> To learn more about Biden’s BBB and government price-controls, read HERE and HERE
