[For those of you who had Schoolhouse Rock interspersed with your Saturday morning cartoons, this part of today’s article should be sung to the tune of Conjunction Junction.]
Inflation Nation, what’s your station?
Turning the country into charity cases.
Inflation Nation, how’s your situation?
I got three jobs
To pay most of my bills.
Inflation Nation, what’s their station?
They help Joe and the whore
Make you real poor.
. . .
[More to come.]
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The government inflation numbers are, like all government information, 99% propaganda (also pronounced “Bull Schiff”). Most people spend their income on the following six categories, in order of percentage spent: Housing, automobiles, energy, food, healthcare and clothing. The government statistics do not include energy or food and do not include many of the healthcare expenses.
Most senior citizens have paid off their mortgages and either no longer drive or drive older cars with no payment. They also don’t need to buy as many clothes. They have extensive wardrobes. Although many younger people would not be caught dead in those styles they (yes, I should say “we”) are comfortable wearing a twenty-year-old suit to church or to court. For seniors, their (our) top three expenditures are food, healthcare and energy. For many, even with Medicare, their health care costs are their largest expense.
Let’s start with healthcare. While China Joe is campaigning on his administration reducing drug prices, the news media is doing a poor job of pointing out that they negotiated reduced prices for only six drugs. In exchange, the federal government increased subsidies for those and a variety of other drugs, including the totally unnecessary Covid vaccine. Under President Trump’s administration, the price of every drug purchased through Medicare could not be higher than the lowest price charged anywhere in the world. It saved the federal government much more money and did not require a single subsidy (pronounced “kick back“).
In addition, to meet the lower costs, all of the pharmaceutical companies moved production of all six of the “Biden” drugs to China. What do you think is going to happen in this overweight country when China decides to cut off our supply of insulin?
The drug-discount companies, which often make drugs cheaper for consumers than purchasing through health insurance, have also increased their prices. If you have picked up any prescriptions lately you will find, as I did, that in the drug-discount companies renegotiated their prices with pharmacies. The cost of my drug increased 32% at Publix. They told me the entire increase was due to renegotiated prices with Good RX. Thanks, Joe.
Although I do not use Obamacareless, every year I price it out. In 2021, my premium would have been $1,273.00 per month, with a $5,000.00 annual deductible. This year it would be $1,735.00, with an $11,000.00 deductible. I guess Obama’s goal was to make healthcare my number one expense.
Interestingly, I was closing out some old files from the law firm and noticed that the year before Obamacare went into effect we covered 100% of our employees’ healthcare premiums at a cost of about $220 per employee, per month. All Obamacare did was push those people into the government sector at a higher price. Thanks, Barrack.
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