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Republican Tax Bill Robs Medicare to Pay for Big Pharma Tax Breaks

By June 5, 2018No Comments

After today’s new Medicare Trustees report found that Medicare’s trust fund will run out in 2026, three years earlier than last year’s projection, Protect Our Care Campaign Director Brad Woodhouse released the following statement:

“Today’s Medicare Trustees Report is a smoking gun. American seniors should be outraged that Republicans have harmed Medicare in order to pass a tax bill that gives huge breaks to the same prescription drug companies that are robbing older Americans blind. Today’s news proves that whether you’re old or young, rich or poor, the Trump Administration and Congressional Republicans have it out for your health care.”

BACKGROUND

“Top (Trump) administration officials say the repeal of Obamacare individual mandate hurts financial condition of Medicare because it leads to more uninsured and greater Medicare DSH payments to hospitals.” – Kaiser Health News reporter Phil Galewitz, 6.5.18