How does the Inflation Reduction Act affect my Health Insurance?
For the first time, Medicare is able to negotiate the price of high-cost drugs under the passage of the Inflation Reduction Act. Signed into law by President Biden on August 16, 2022, this marks a historic piece of legislation passed to lower prescription drug prices and a milestone in reducing the cost of health care for millions of Americans enrolled in Medicare.
For Medicare populations in need of high-cost drugs, these changes are significant. However, these reforms will not be reflected immediately. While we wait for the roadmap to drug reform to take motion, you can start saving on supplemental prescription drug coverage on over 1,000 medications by signing up for Mira services today.
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Regine Roquia is a Masters of Public Health Candidate at New York University studying Public Health Policy & Management. She is passionate about creating the culture she wishes to see by working to increase health literacy.