Tag: Inflation Reduction Act

Photo of inside a hospital

Nearly 40 percent of Americans have delayed or skipped necessary medical care in the past year because they couldn’t afford it. How do we stack up to other developed countries? Dead last. Even the lowest-wage workers in places like Australia, New Zealand, and the United Kingdom are better able to afford their care than t…

donut hole

Medicare’s donut hole is the bane of existence for retirees with expensive medications. They will get substantial relief in 2025, when the Inflation Reduction Act, signed by President Biden last week, will cap all retirees’ annual drug copayments at $2,000. Monthly drug plan premiums are not included in this cap. The cap will effectively eliminat…