WE ARE LIVING IN AN INFLATION NATION

THE INFLATION REDUCTION ACT NOT WORKING

By: Derek Varsalona

It has been two years since the Inflation Reduction Act has been enacted.  Still, we have not seen a great reduction in inflation.  Still, prices are too high.  In San Francisco alone   That is because when the government always tries to solve a problem they usually fail miserably.   For Example, Beef in San Francisco now sits at $9.53 according to Numbeo.com.

Prices are still high.  That is because the government is spending too much and putting money into the economy.  What might help is if we drill for oil everywhere but it will take a while for the prices to come down.

The government is now going to negotiate the drug prices in America under the Biden Administration.  The problem is the government never negotiates fairly with the companies.  The best approach would be for individual patients and doctors to negotiate their own payment plans with big Pharma.

The good thing is that there is a law capping insulin at $35.  But do we really want the government to become the manager of our health care?  That is going to lead to national health care.  What I do for free is having national health care exchanges and with fear of competition hopefully, the prices will go down.  I also think that the doctors, the patient the insurance, and the drug company should negotiate s pay scale for each individual payment on what a patient can pay for their prescription.

President Biden said the Medicare recipients received a free vaccine.  Well, that is a lie, nothing is free.  It was the taxpayers who paid for the vaccine.  So American taxpayer thank you for paying for my vaccine as a Medicare recipient on Disability. 

Remember Nothing is free in life.  The money is coming from somewhere.  Thank you once again taxpayer for my "free healthcare and free vaccinations."  As always comments accepted.

Inflation nation

Source: 1. President Joseph R. Biden. " Fact Sheet: Two Years in, the Inflation Reduction Act is Lowering Cost for millions of Americans, Tackling Climate Crisis and Creating American Jobs." WhiteHouse.gov Washington, DC: August 16, 2024.

https://www.whitehouse.gov/briefing-room/statements-releases/2024/08/16/fact-sheet-two-years-in-the-inflation-reduction-act-is-lowering-costs-for-millions-of-americans-tackling-the-climate-crisis-and-creating-jobs/

2. Numbeo.com " Cost of Living in San Francisco." https://www.numbeo.com/cost-of-living/in/San-Francisco Friday, August 16, 2024.