Medicare premiums likely to increase under Biden’s $3.5 trillion budget reconciliation bill

FEE's Hannah Cox writes, "The bill includes the largest expansion of government-controlled healthcare since Obamacare, yet it has received significantly less attention. In fact, total health care expenditures in the legislation dwarf that of the Affordable Care Act (ACA). The ACA ultimately cost $940 billion, whereas this bill is currently at $1.3 trillion.

The healthcare components of the bill are being led by none other than Senator Bernie Sanders (I, VT) and include much of the self-proclaimed democratic socialist’s’ policy wishlist. Among them is a giant expansion of Medicare benefits.

The healthcare provisions in the $3.5T budget reconciliation bill are the biggest expansion of gov controlled healthcare since Obamacare and will likely lead to an increase in monthly premiums for seniors.

How is no one talking about this!? More from me:https://t.co/od9kS1csu4 — Hannah Cox (@HannahDCox) September 30, 2021

The plan would increase Medicare coverage for things like hearing aids and dentures at a cost of $370 billion. Over 40 percent of those currently on Medicare already receive such services through what is known as Medicare Advantage though, which offers plans through private companies who are reimbursed through the program.

And herein lies the reason that seniors should be concerned."

Read the entire column.