President Joe Biden signed the Inflation Reduction Act into law. The cost of drugs will be capped at $2,000 per year for people on Medicare; and health care premiums will fall for many Americans. And it reduces the deficit!
Biden passed the American Rescue Plan, the Bipartisan Infrastructure Law, the CHIPS and Science Act, and now, the Inflation Reduction Act. A provision finalized today for over-the-counter hearing aids. Most received bipartisan support. Pretty impressive.
“The Inflation Reduction Act is now law. Giving Medicare the power to negotiate lower prescription drug prices. Ensuring wealthy corporations pay their fair share in taxes. And taking the biggest step forward on climate in our history.”