The Inflation Reduction Act Is Hitting Medicare, Seniors, and Medical Research

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President Biden and Kamala Harris are having a big celebration to mark the second anniversary of the Inflation Reduction Act (IRA).

They won’t discuss the damage the law has done to Medicare or how it is impacting the development of new medicines.

Some Washington insiders refer to the IRA as the Green New Deal #2. Both bills are already having some negative impacts on seniors and medical technology.

It just got a lot more expensive to be sick in America. And for those that are hoping for a cure to their disease or a new drug to extend their lives, make life it just got a lot more expensive. And if you have a chronic illness you may have to give up on a breakthrough drug cure.

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Inflation Reduction Act Causes Medicare Costs to Skyrocket

When Democrats passed the Inflation Reduction Act (IRA) during their control of Washington, D.C., it set off a chain reaction leading to higher Medicare costs for senior citizens.