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Inflation Reduction Act Benefits

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Prescription Drug Costs

Democrats

Democrats

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1.5 million Americans have saved nearly $1 billion on prescription drug costs under the Inflation Reduction Act

Democrats

Summary

Nutrition label

68% Informative

Thanks to the Biden-Harris administration, 1.5 million Americans have saved nearly $1 billion on prescription medication under the Inflation Reduction Act .

The law capped out-of-pocket drug costs for Medicare beneficiaries at $ 3,500 per year, and next year the cap will go down to $ 2,000 per year.

Donald Trump , JD Vance , and their MAGA allies have railed against the In inflation Reduction Act and their Project 2025 agenda includes repealing the landmark legislation.

CNN : “The administration’s fiscal 2020 budget proposed cuts to Medicare and Social Security .” Vox: Trump just opened the door to Social Security cuts. Take him seriously” Washington Post : Each of his White House budget proposals included Social Security and Medicare cuts.

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60

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51

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41

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formal

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English

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56

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not offensive

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detected

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short-lived

External references

26

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