Schumer to submit text for new Medicare proposal, in move toward reconciliation package: report
FOX NewsJUL 2022
The Spin
Republican narrative
Democrats have been forced to scale back Biden's enormous package, but these costly measures would still be disastrous for America: they fail to boost competitiveness against China, contain woke carveouts, and would enact regulations related to so-called "climate change." Manchin should use his sense and continue to oppose these terrible policies.
Democratic narrative
Drug price regulation measures will immeasurably improve the lives of Americans. Empowering Medicare to negotiate costs is massively popular with voters across party lines and, despite the colossal influence of pharmaceutical lobbyists who will continue trying to defend corporation profiteering. This legislation is indicative of progress.
Metaculus Prediction
There is a 50% chance that at least 15.4% of the federal budget will be used for Medicare in 2024, according to the Metaculus prediction community.
