Biden Allocates $5 Billion to Delay Medicare Premium Hikes, Protect Harris Campaign Ahead of 2024 Election

Nov 4, 2024, 02:23 PM

In a strategic move ahead of the 2024 election, President Biden has allocated $5 billion in taxpayer funds to delay a spike in Medicare premiums. This decision aims to mitigate potential backlash against Vice President Kamala Harris's campaign. Critics, including seniors groups, have raised concerns that this financial maneuvering could have long-term consequences, warning that taxpayers will bear the costs while millions of seniors may face negative impacts in the future. The Biden-Harris administration is accused of prioritizing political gains over the financial wellbeing of older Americans.