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Friday, December 27, 2024

McClain announces hearing on rising costs for seniors using Medicare Part D

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James Comer U.S. House of Representatives from Kentucky's 1st district | Official U.S. House Headshot

James Comer U.S. House of Representatives from Kentucky's 1st district | Official U.S. House Headshot

Subcommittee on Health Care and Financial Services Chairwoman Lisa McClain (R-Mich.) announced a hearing titled “Meddling with Medicare: The Biden-Harris Cover-Up” to examine the Biden-Harris Administration’s Inflation Reduction Act (IRA) and its impact on American seniors utilizing Medicare Part D plans.

“The Biden-Harris Administration is denying the damage the so-called Inflation Reduction Act did to our economy and to the cost of Americans’ basic needs – including prescription drugs. The IRA, which Vice President Harris cast a tiebreaking vote for, has driven up the cost of Medicare Part D premiums and has resulted in fewer choices for America’s seniors. In 2024 alone, Medicare Part D premiums increased by twenty-one percent and the number of plans available to seniors decreased by ten percent. Plan costs are only going to get more expensive as the IRA’s programs go into effect. Now, Democrats are employing costly, temporary, taxpayer-funded solutions ahead of an election to address the damage their policies have caused. The American people deserve to know the facts about the games Democrats are playing with their healthcare costs,” said Subcommittee Chair McClain.

The hearing will take place on Thursday, September 26, 2024, at 2:00 PM ET in Room 2154 of the Rayburn House Office Building. Witnesses include Joel White, President of the Council for Affordable Health Coverage, and Douglas Holtz-Eakin, PhD., President of the American Action Forum.

The event will be open to both public and press attendance and will be livestreamed online at https://oversight.house.gov/.

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