Top House Republicans on Monday requested that the Congressional Budget Office (CBO) estimate the cost of the Biden-Harris “bailout” of Medicare Part D.
House Budget Committee Chairman Jodey Arrington (R-TX), House Energy and Commerce Committee Chairman Cathy McMorris Rodgers (R-WA), House Ways and Means Committee Chairman Jason Smith (R-MO), Senate Budget Committee Ranking Member Chuck Grassley (R-IA), and Senate Finance Committee Ranking Member Mike Crapo (R-ID) asked CBO Director Phillip Swagel to analyze the cost of the Biden-Harris administration’s recent Medicare Part D Premium Stabilization program, which Republicans said amounts to a “bailout” of Medicare Part D.
The Republican leaders wrote:
We are concerned that a new rushed demonstration program will result in an unchecked taxpayer-funded bailout to paper over the flaws in the Inflation Reduction Act (IRA)…
