PolitiFact - No, Senate bill won’t strip $300 billion from Medicare

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PolitiFact - No, Senate bill won’t strip $300 billion from Medicare
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  • 📰 PolitiFact
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 71%

President Biden mentioned the Medicare drug-price negotiation provision in the Inflation Reduction Act during the remarks he made on his student loan debt relief plan. It will bring nearly $300 billion in savings for consumers and taxpayers.

Here’s the narration of one"Higher gas prices, higher grocery bills, everything today is costing too much. Now, Congress is considering a bill that will strip $300 billion dollars from Medicare, money older Americans rely on for their medicine, their treatments, their cures. We are all paying more today, but stripping $300 billion from Medicare? It’s simply too much. So call Congress and tell them to oppose Biden's reckless spending package.

The ad misleadingly paints what is more accurately characterized as nearly $300 billion in savings for consumers and taxpayers.provides only a link to the ad, and no identifying information or even any pages beyond the homepage. When we asked a better-known group with a similar name, Americans for Prosperity, whether the American Prosperity Alliance was an affiliate, a spokesman, Bill Riggs, said,"This is NOT our ad and we are not affiliated with this group.

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PolitiFact /  🏆 17. in US

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