Free Republic

Ah, the infamous “Inflation Reduction Act!” Remember, it was an act sold as inflation reduction, although it was all about green energy spending. And now making Medicare insurance premiums go up by 42-57% in 2024! In the Inflation Reduction Act, lowering the maximum out-of-pocket spending cap for Medicare Part D prescription drugs from $7,050 in 2023 to $2,000 in 2025 will reduce co-pays for some, especially those with chronic conditions. However, financial liability will shift to insurers expected to cover 60-80 percent of costs once patients hit the new $2,000 cap. So, while the Inflation Reduction Act aims to lower...