How Healthcare is Affected by the Inflation Reduction Act

Healthcare Finance

Passed in August of 2022, the Inflation Reduction Act stands to impact several key areas of the healthcare industry. Outlined in a report from Healthcare Finance, these benefits include an extension of the Affordable Care Act, caps on medication out-of-pocket drug expenses for Medicare beneficiaries, and the ability for Medicare to negotiate drug prices. While some of these measures won’t go into effect until 2025 and beyond, they will provide necessary relief for many patients in the face of rising costs.