Last year’s Inflation Reduction Act is not proving popular with a group it aims to help — older Americans.
That’s according to a recent survey from Commitment to Seniors. More than 80% of likely voters over 55 believe the IRA hasn’t helped them personally in terms of lowering the impact of inflation, consumer costs, and prescription drug prices. Almost eight in ten say the IRA is a failure one year after its passage.
But wait, the law’s proponents may say: The federal government hasn’t yet exercised its power to “negotiate” — or more accurately, cap — the prices of drugs in Medicare.
Those price controls may save the federal government money. But patients won’t see much of the savings. The federal government has earmarked them — and then some — for green-energy subsidies.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
Seniors are disappointed with efforts to lower Medicare costs — and rightly so
Sally C. Pipes
Last year’s Inflation Reduction Act is not proving popular with a group it aims to help — older Americans.
That’s according to a recent survey from Commitment to Seniors. More than 80% of likely voters over 55 believe the IRA hasn’t helped them personally in terms of lowering the impact of inflation, consumer costs, and prescription drug prices. Almost eight in ten say the IRA is a failure one year after its passage.
But wait, the law’s proponents may say: The federal government hasn’t yet exercised its power to “negotiate” — or more accurately, cap — the prices of drugs in Medicare.
Those price controls may save the federal government money. But patients won’t see much of the savings. The federal government has earmarked them — and then some — for green-energy subsidies.
Read the full article at the St. Louis Post-Dispatch
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.