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May 2, 2024, 11:06 am
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* President Biden signed the Inflation Reduction Act to bring down costs, reduce the deficit, and take aggressive action on climate – all paid for by making sure the largest corporations and billionaire tax cheats finally pay their fair share in taxes.
This historic legislation lowers health care costs for millions of families and allows Medicare to negotiate drug prices for the first time. The Inflation Reduction Act caps seniors’ out-of-pocket spending for prescription drugs at $2,000 per year and ensures no senior on Medicare will pay over $35 per month for insulin. Under the law, 13 million Americans, covered under the Affordable Care Act, will see their health insurance premiums reduced by $800.
* Got it G? Good.
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