The Booty Report

News and Updates for Swashbucklers Everywhere

Arrr, matey! Bidenomics be a scurvy trouble fer ol' sea dogs, aye, them seniors be feelin' the brunt!

2023-10-11

Arr, ye scurvy dogs! Aye, beware the treacherous Inflation Reduction Act! Them Bidenites be yammerin' 'bout this Medicare drug price "negotiation," but mark me words, it be a perilous path that'll harm the health of all!

The White House is being accused of spinning reality and trying to convince the American people that life under Bidenomics is good, despite evidence to the contrary. From rising grocery prices to increasing gas prices, people are feeling the effects of inflation and are not buying into the administration's claims. One example of this spin is the Inflation Reduction Act, which was supposed to lower drug prices but instead has fueled inflation and rewarded politically connected individuals. The act also includes a so-called Medicare drug price "negotiation" that is dishonest and harmful, ultimately hurting everyone's health. The law will stifle the research and development of new medicines, making it harder for drug manufacturers to recoup their costs. This is reminiscent of the broken promises of ObamaCare, where people were told they could keep their doctors and their existing insurance, but ended up being lied to. The IRA diverts funds meant for Medicare to unrelated spending programs and cuts to the program. Democrats are now seeking to expand their failures by doubling the number of drugs subject to government price "negotiation" in Medicare, which will only further harm patients and hinder the development of new life-saving medicines. Despite the negative consequences, the White House continues to celebrate Bidenomics.

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