From WSJopinion: President Biden’s Medicare proposal is a huge tax increase paired with prescription-drug rationing that does nothing to reform the health entitlement
Wonder Land: Joe Biden says House Republicans are ‘fiscally demented.’ There must be a word for the mega-trillions he’s spent in two years. Images: AFP/Getty Images Composite: Mark KellyPresident Biden on Tuesday rolled out a plan he says will shore up Medicare for decades, and we’re all supposed to believe the spin: looming insolvency averted.
The White House in a fact sheet previewed a proposal for “extending Medicare solvency” in its budget outline for fiscal 2024, set for release Thursday. Mr. Biden says he’ll extend “the life of the Medicare Trust Fund by at least 25 years,” without “benefit cuts” while “lowering costs for Medicare beneficiaries.” The program’s hospital insurance trust fund is set to start coming up short in 2028.
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