Between the billions of dollars worth of medical debt and the exponential rise in the cost of care, the U.S. healthcare system may seem like an uncontrollable marketplace at best. But President Biden is adding new rules.
The Inflation Reduction Act of 2022 tackles everything from clean energy investment and carbon emissions to tax loopholes for the wealthy and the creation of manufacturing jobs. On the healthcare front, the IRA is set to extend the Affordable Care Act’s enhanced premium subsidies through 2025 and lower prescription drug prices and out-of-pocket costs for Medicare beneficiaries. This means anyone who purchased their individual health plan through the ACA marketplace or is enrolled in Medicare may see significant savings.
