Senate passes Inflation Reduction Act to relieve pressure of health care costs in US

The Senate has passed legislation that, if signed into law, will lower the cost of some prescription drugs and health insurance in the United States.Specifically, the Inflation Reduction Act will reduce premiums for 13 million Americans covered under the Affordable Care Act by $800, according to a press release from the White House, and extend subsidies for health insurance plans under the ACA for 3 additional years. In addition, it will cap the amount that seniors have to pay out of pocket for prescription drugs at $2,000 every year, and will allow Medicare to negotiate drug prices withRead More

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