Inflation Reduction Act 2024 Medicare. The inflation reduction act of 2022, signed into law by president biden on august 16, 2022, includes several provisions to lower prescription drug costs for people with medicare and. It makes health care more accessible, equitable, and affordable by lowering.
The medicare rights center thanks president biden for signing—and the house and senate for passing—the inflation reduction act (ira) of 2022. Beginning in 2024, medicare part d beneficiaries whose drug costs reach the catastrophic phase will not.