Inflation Reduction Act Contains Changes for Medicare Patients

Inflation Reduction Act Contains Changes for Medicare Patients

August 30, 2022

The giant healthcare, climate and tax bill that President Biden signed into law on August 16 won’t be as sweeping as the Democrats who wrote it had hoped, but it would help millions of Americans better afford their prescription drugs and health insurance.

The Inflation Reduction Act is estimated to spend about $485 billion over 10 years on health and alternative energy programs while raising about $790 billion through tax revenue and savings. The difference would be used to help reduce the deficit.


Inflation Reduction Act Contains Cost-Saving Changes for Medicare Patients - Rethinking65