He Said What about Medicare!? (My Response to WSJ & Bongino)

Recent Comment from Dan Bongino and a recent Wall Street Journal Opinion article suggest that Original Medicare Part D will fail by 2025 due to changes dictated in the Inflation Reduction Act.
This video is my response. I shred the WSJ and Bongino, point by point.
More importantly, the behind motivation for the article is a hidden agenda. Watch until the end to see what is really goin on.

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References:
https://www.wsj.com/articles/the-inflation-reduction-act-comes-for-medicare-ira-elderly-voters-payments-benefits-cuts-revenue-losses-subsidies-11669060307?mod=Searchresults_pos1&page=1
https://khn.org/news/article/audits-hidden-until-now-reveal-millions-in-medicare-advantage-overcharges/
https://www.kff.org/medicare/issue-brief/explaining-the-prescription-drug-provisions-in-the-inflation-reduction-act/
https://medicareadvocacy.org/government-auditor-finds-billions-in-improper-payments-to-medicare-advantage-plans-coupled-with-inadequate-oversight-by-federal-regulator/
https://khn.org/news/khn-files-lawsuit-to-force-feds-to-disclose-medicare-advantage-audits/
https://www.fiercehealthcare.com/payers/senate-bill-seeks-improve-medicare-handbook-amid-spike-marketing-complaints

The Medicare Part D program, Part D regulations, deductibles, out of pocket maximum and formulary requirements are the same regardless of whether you purchase your Part D as a stand-alone product or one that is bundled with a Medicare Advantage Plan.
All are required to cover two drugs from every category and substantially all drugs from the six protected categories, which include cancer drugs, autoimmune drugs and so on. Most Part D plans are currently robust and cover thousands of drugs, much more than the minimum. That may change, I’ll get back to that.
The Part D bundled with the Advantage plan does not comingle with the Advantage plan. It has a separate deductible, a separate network and is not subject the maximum out-of-pocket of the Advantage plan.
There is nothing in the Inflation Reduction Act that will impact Stand Alone drug plans, but NOT drug plans bundled with Medicare Advantage Plans. They are the same, it’s just how you purchase them.
Of course, those who have seen my videos on Part D already know that.

CMS could eliminate all Medicare Advantage plans today and overnight it would reduce the financial burden on the Government and improve healthcare for the consumer. And you want to argue that Private is better? When private has access to a cornucopia of government funds, the result is corruption.

Medicare Advantage Plans are the fiscal and regulatory nightmare the republicans fear they would have found in Original Medicare. But they get so caught up in this idea that everything private is better than anything government they don’t stop to look at reality. They don’t stop to question their own assumptions.

Reality is that our healthcare is system is neither government controlled nor private free market capitalism. It is a system of corporate welfare and backdoor deals. It’s one where no corporate crime is penalized, and political donations will buy off a vote to push an agenda based on profit.
With original / traditional Medicare and a supplement you can put all that aside. You can escape it. You are shielded from the politics and in part the corruption. You and your doctor control your healthcare.

#WSJopinion #bongino #MedigapSeminars #MatthewClaassen