Last year’s Inflation Reduction Act is not proving popular with a group it aims to help — older Americans.
That’s according to a recent survey from Commitment to Seniors. More than 80% of likely voters over 55 believe the IRA hasn’t helped them personally in terms of lowering the impact of inflation, consumer costs, and prescription drug prices. Almost eight in ten say the IRA is a failure one year after its passage.
But wait, the law’s proponents may say: The federal government hasn’t yet exercised its power to “negotiate” — or more accurately, cap — the prices of drugs in Medicare.