Inflation Reduction Act is a Massive Scam

Instances of fraudulent activities within government payouts have been discovered continually. Despite the majority of the media and some Democrats being against Musk and DOGE, they have been actively scrutinizing and rectifying instances of wastage, fraud, and misuse within these handouts.

Any effort aimed at curbing or decreasing government expenditure is met with opposition.

In 2022, Democratic leaders attempted to massage Obamacare beneficiaries with the so-called Inflation Reduction Act (IRA). A decade after the introduction of Obamacare in 2021, less than 12 million people were its beneficiaries. Not satisfied with these numbers, Democrats tried to increase their dependency on them. Using the pretext of the COVID pandemic, they enabled higher-income groups to avail significant subsidies. As a result, by 2025, more than 24 million individuals were receiving subsidies. To give the impression that the IRA was being financed properly, they decided to sunset these subsidies by the end of the year, without the endorsement of a single Republican.

However, now they are putting the blame on Republicans for the cessation of these subsidies and are demanding their extension for another three years. However, subsidies once started, never cease. Hence, we’re facing financial turmoil.

In 2024, half of Obamacare beneficiaries filed no claims, yet insurance companies received billions to cover additional claims. This suggests substantial fraud. A study of the rise in the share prices of these insurance companies post the introduction of Obamacare will reveal how wealthy they became while consumers grappled with sky-rocketing premiums.

Media outlets often refrain from reporting the number of individuals who didn’t file claims under Obamacare. The reason for this is that it contradicts their narrative of vilifying Trump and other Republicans.

In 2024, close to 12 million beneficiaries of individual market exchange coverage under Obamacare filed no claims. This number is three times the number from just three years before.

Instead, the media, including PBS and others, are spreading misinformation about tens of millions expected to lose their health insurance due to the sunset of enhanced subsidies for higher-income groups, a decision that was taken by Democrats themselves.

As the year-end recess for lawmakers approaches with no agreement in sight, the Americans who rely on the ACA are being left uncertain and anxious.