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Letter to the editor: Insurance company handouts, higher premiums

Despite all the promises from Rep. Susan Wild that the Inflation Reduction Act would bring down prescription drug costs for seniors, the latest data and reporting tell a different story.

Nationwide, seniors are paying 21% more for their Medicare Part D plans than we were last year. In Pennsylvania, it’s even worse: our premiums have risen 33%!

The Biden administration seems to be waking up to the damage that they’ve done to Medicare, because now the Center for Medicare and Medicaid services is announcing a multi-billion dollar handout to insurance companies to try and keep costs down.

Susan Wild can talk all she wants about bringing prices down, but her record is clear: higher premiums for us, and handouts for insurance companies

Jan Thomas

Allentown