Yet Another ‘Inflation Reduction Act’ Handout — In Health Care — Would Worsen Inflation
One of the biggest but underreported planks in Democrats’ so-called “Inflation Reduction Act” will dramatically worsen inflation. That’s the reality of the bill’s three-year extension of expanded ObamaCare subsidies for health-insurance premiums.
I’ve dived through the data, and this estimated $30-billion-a-year spending spree will drive up premiums for a constantly growing number of people while adding huge sums to the federal debt — another proven driver of inflation. What’s more, much of this inflation will come from giving taxpayer handouts to Americans nowhere near the poverty line.