| Dear Friend,
Welcome back to my Week in Review newsletter. Please remember to follow me on Facebook, Twitter, Instagram, and YouTube for regular updates on how I am serving the people of South Carolina!
Protecting Medicare Advantage
President Biden and progressive Democrats claim their $3.5 trillion spending bill “actually costs zero dollars.” Sadly, that bizarre Washington math doesn’t add up in the real world. Even the Democrats know they will need to pay for their slew of socialist policies, and they have suggested doing so by cutting the Medicare Advantage (MA) program.
MA provides high-quality, affordable health care to more than 26 million Americans, most of whom have fixed incomes of less than $30,000 annually. Cutting this program would lead to higher costs, fewer benefits, and less health equity.
This week, I led a bipartisan letter, along with my colleague Sen. Kyrsten Sinema (D-Ariz.), urging the Centers for Medicare and Medicaid Services to protect the MA program from payment cuts being floated in the Senate. Read more about our effort here.
Fighting ‘Woke’ Capitalism
In recent months, we’ve seen private financial institutions pander to the Left’s “woke” agenda more and more often. Back in March, after the CEOs of several large banks signed a letter opposing Georgia’s election law, I asked them to explain what part of the law they found discriminatory. They couldn’t answer.
Now, Democrats in D.C. are pressuring several regional federal reserve banks—including the Dallas federal reserve—to fill recent openings with progressive candidates who will advance a liberal agenda. In response, I joined Senator Pat Toomey (R-Pa.), ranking member of the Senate Banking Committee, in sending a letter to the chairman of the Dallas federal reserve’s board of directors, urging him to disregard political pressure and act in the best interest of the economy.
We simply can’t risk the independence and credibility of our nation’s financial institutions. Read our full letter here.
Sincerely,
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