By Tomas J. Philipson
July 9, 2024
His Inflation Reduction Act leaves patients with less access to medicines and higher premiums.
‘We finally beat Medicare.” President Biden’s defenders dismissed those words in the first debate as a gaffe. But it was one of his most accurate statements that night. That’s because Mr. Biden’s administration has overseen major cuts to Medicare—and promises to cut the program even more in a second term.
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