Biden’s Attempt To ‘Reduce’ Prescription Drug Prices Will Hurt Seniors On Medicare

Daily Caller In August 2022 Congress passed President Biden’s signature “Inflation Reduction Act” without a single Republican vote in either the House or the Senate. There were several reasons for this purely partisan vote, one of which was that the legislation included a mechanism for a major tax increase on many prescription drugs used mainly by Medicare enrollees for treatment of certain cancers, heart conditions and diabetes. Already flush with the 87,000 new employees authorized by the very same Inflation Reduction Act, the IRS is drafting regulations to start collecting the prescription drug “excise tax,” which can virtually double the market price for the medications. To win the Senate votes — including hold-out Democratic Sen. Joe Manchin of West Virginia, who switched his vote in favor of the bill at the last-minute following secret parleys with Majority Leader Chuck Schumer — Biden presented the proposed excise tax as a way to reduce the cost of many common, Medicare-covered prescription drugs, rather than what it really is — a measure that will lead to shortages and increased prices. What Biden and the Democrats actually did was impose price controls on Medicare-covered prescription drugs, disguising them as “negotiated prices” between Uncle Sam and the drug manufacturers. This sleight-of-hand might sound reasonable, even perhaps positive, except for the fact that refusal by any of the manufacturers to “accept” Washington’s proposed prices, would result in a mandated tax on the final, consumer cost of the drugs that would in short order reach 95% — effectively doubling its price. Moreover, while disguising an “excise tax” as a “price negotiation” may sound great, it does so only until you realize...

Ignorance And Hyper-Partisanship Create Perfect Storm For Political Violence

Daily Caller A recent, nonpartisan poll of 2,008 registered voters, conducted by the University of Virginia’s Center for Politics, concludes what many Americans already know, which is that our two-party political system is a chaotic mess. Far more disturbing, however, are the survey’s findings that a significant percentage of voters consider that violence, suspension of democratic norms and states seceding from our union, all are acceptable alternatives to our current troubles. These troubling findings certainly can, at least in part, be attributed to pronounced ignorance that has for at least a decade, characterized many Americans’ understanding of the structure of our national government. For example, a 2014 survey by the Annenberg Public Policy Center at the University of Pennsylvania found that more than one-third of adults surveyed could not name a single one of the three branches of our government. Coupled with historic lows in the public’s trust in government, such a disturbing level of civic cluelessness makes the most recent finding by the University of Virginia even more troubling.  Having so many voters remaining fundamentally ignorant about how our government operates, while at the same time having little or no trust in that government, and with some forty percent considering it “acceptable to use violence to stop” those in the opposing political party “from achieving their goals,” is a recipe for disaster. If voters engaged directly with political leaders and parties, there might be at least some check on these disturbing trends, but, as the Pew Research Center has discovered, the vast majority of Americans get their news the easy way, from “digital devices,” which are by definition more subjective, less transparent and more easily...

Biden’s Visit to Israel in the Throes of a War Actually Is An ‘Inflection Point’

Townhall Since taking office early in 2021, President Joe Biden frequently has used the term “inflection point” as a way to add gravitas to whatever issue he is speaking about. In fact, he has used it so often its meaning, or whatever it is supposed to mean, has been significantly diluted. His current visit to Israel, however, which neither Biden nor his media team has described as an “inflection point,” could accurately be seen as such a juncture for Biden and for the Middle East. In none of the instances in which Biden has employed such rhetoric has he explained exactly what he means by the use of the term. In such linguistic laxity, the president perhaps presumes the reader or listener knows that the term “inflection point” (when not used in its technical, differential geometry context) is defined by dictionary guru Merriam-Webster, as “a moment when significant change occurs or may occur.” In his October 15th “60 Minutes” interview with Scott Pelley, Biden declared that his principal motivation for seeking a second term despite his advanced age and the myriad domestic problems he continues to face, was because “[t]h world is at an inflection point.” Two days later, America’s commander-in-chief was en route to Tel Aviv – smack dab in the middle of a burgeoning and already extremely bloody war between our close ally Israel and Hamas, one of that country’s most militant adversaries.   What takes place in that region over the coming days, weeks, and months, may very well turn out to be a point at which “significant change occurs.” By all public assessments, the Jewish State is...