Analysts Say Biden Bill Will Crush Americans on Health Care

Analysts are pouring over legislation to see exactly what Democrats are promising is even possible.

By and large, the answer has been no.

The Inflation Reduction Act is, among other things, being touted to lower health care costs and reduce inflation.

Both are lies.

Not Happening

We have already beaten the inflation angle to death, so we can surmise that.

The only people who seem to think this legislation will reduce inflation are those who wrote it.

Virtually every analyst not on Biden’s payroll has stated the bill will have little, if any effect, on inflation in the immediate future.

I have also seen numerous reports that the bill will actually increase inflation.

Part two of the lie is regarding the lowering of health care costs.

Professor Tomas J. Philipson of the university’s Becker Friedman Institute for Economics says the bill would cost Americans more than $50 billion over the next two decades…

His report, in part, states, “The primary source of spending in health care is on labor, such as doctors, nurses or assistants, which makes up over 70% of overall spending, similar to other US industries.

“We find that during the last 20 years, profits and sales by research-based pharmaceutical companies made up 1.0% and 7.5% of total health care spending, respectively.

“In addition, annual sales growth contributed -4.5% to the annual growth in total health care spending, partly due to real declines in drug spending in some years when there were increases in real health care spending.”

There are plenty of other reports surfacing that this legislation will crush the generic drug business, which is where most of us save large amounts of money, especially for those of us on maintenance drugs.

Biden keeps saying he is looking out for the average American, but everything he has done has only put the boot harder on our throats.

Source: Daily Caller

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14 Responses

  1. They are bowing to big pharma and their profits – and they want nothing to do with generics – nobody makes trillions on generics, so they’re out. Children know that if you have spent too much money and caused damage to the economic system in doing so, you can’t spend more money to fix it. But Dems don’t have the mental capacity of children, so here’s your new bill folks.

  2. SAME old LIES . . . from the SAME OLD Democrat PLAYBOOK. Don’t BELIEVE these LIES and PRIMARY the B******S NOW! Remember ELECTION day is RIGHT around the CORNER. And, DON’T forget to DEFUND these LIES. One Enlightened Patriot.

  3. What percentage of effective new drug discoveries have resulted from research conducted/coordinated by the USA Pharmaceutical Industry? Which drugs would still be undiscovered if the USA pharma industry was governmentally stymied? How many more people would have died or suffered? I would like to hear answers to these questions. Lastly, keep in mind that, throughout the world, there has been no more-effective impetus for new drug discovery than “marketplace competition.” If you disagree then please tell me which major influence drives new drug discovery?

  4. WHY DOESN’T ANYONE IN WASHINGTON CONSIDER THE SHORTAGE OF WATER FOR OUR FARMERS, RANCHERS AND THE REST OF THE COUNTRY. WE CANNOT LIVE WITHOUT WATER. STARTING CONSTRUCTION OF PLANTS THAT MAKE FRESH WATER OUT OF SALT WATER WOULD SOLVE THAT ISSUE, I KNOW IT IS EXPENSIVE BUT WE COME UP WITH BILLIONS FOR OTHER NOT SO IMPORTANT THINGS. THE OCEAN IS A CONSTANT SUPPLY OF WATER. OTHER COUNTRIES HAVE DID THIS. WE SHOULD DO SOMETHING LIKE THIS BEFORE THE PROBLEM CANNOT BE HANDLED.
    ..

  5. Bod….You are being naive. You do not know what you are talking about. If you believe me to be wrong then tell me, in all the World, which country has a more effective system for new drug discovery?

  6. Oops. I should add one more comment: generics are available only AFTER the original drug’s patent has expired.

  7. Not only on health care, but on everything in this country, inflation is going to get worse, you can bank on it!!!!

  8. This Democraps bunch of criminals are only in it for themselves and their rich buddies they couldn’t care less about the people who made this country what it is if you voted for bumbling bidum and heels up Harris how is that working out for you if you’re like most Americans not good at all Bill Gates Soros and the other elites are giving the orders and they are doing to destroy this country if you voted democrat you are part of the problem better wake up next time you go to the polls or soon you won’t be able to go to the polls period

  9. I saw in a store today a cross with Jesus hanging from it and it made me think…They were so afraid of him and his followers of God that they crucified him..and that is Exactly what the dems are doing to Trump because they are so afraid of him……God help this countey and ALL the people in it!!!!

  10. WHY DO WE HAVE TO SEE SO MANY PICTURES OF BIDEN EVERYDAY? WITH HIS SMIRKY FACES OF A TWO YEAR OLD. AND LISTEN TO HIS LIES OVER AND OVER.

  11. Obama’s ventriloquist dummy is just doing Obama’s and Susan Rice’s calling.this began Jan.20,2009.Don;t act likje you are all surprised,that shows you are not following up on what your idols/Democrats are doing thru the years

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