By River Bend Times |
Aug 27, 2024
Senate Budget Committee Ranking Member Chuck Grassley (R-Iowa) and House Budget Committee Chairman Jodey Arrington (R-Texas) are requesting an analysis from the Congressional Budget Office (CBO) on a new demonstration program initiated by the Biden-Harris administration. This program aims to lower Medicare Part D premium payments using taxpayer funds. Known as the Premium Stabilization Demonstration Program, it was introduced in response to the Inflation Reduction Act (IRA), which has led insurers to increase premiums for seniors and reduce plan options.