Prescription drugs getting cheaper thanks to Biden
Channel: UpNorthNews
Date: 2024-04-01

Prescription drug costs are falling by the thousands this year for more than a million American seniors due to President Biden’s Inflation Reduction Act (IRA).

When Biden signed the legislation in 2022, it covered a wide range of issues. It invested more than $370 billion into climate and clean energy programs. It extended generous subsidies that helped make Affordable Care Act (ACA) health insurance plans more affordable. It implemented a $35 monthly cap on insulin for Medicare recipients.

Now, the legislation’s changes to the Medicare program will help beneficiaries save money.

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