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 bill will also have a huge impact on Medicare,by allowing the program to negotiate prices for some of the most expensive drugs, capping beneficiaries’ out-of-pocket payments for drugs, limiting their insulin cost sharing to $35 a month, and prohibiting drug companies from raising prices faster than inflation. To read more about this Bill, click here.
sources: khn.org and crfb.org