Biden’s Misleading Boast on Medicare Premium Drop
President Joe Biden boasted of a decrease in premiums for Medicare Part B as the “first” reduction “in more than a decade.” That’s true. But he neglected to mention the drop follows a large increase the prior year, partly due to anticipated Alzheimer’s drug expenses, which didn’t actually materialize.
The seesawing premiums have seniors paying $5.20 less per month for 2023 than they’re paying this year, but $16.40 more compared with 2021.
In a , in which Biden touted provisions), the president added that there was more good news for seniors with Medicare Part B, which covers physician and outpatient services.
