The Biden-Harris administration and congressional Democrats touted the so-called “Inflation Reduction Act” (IRA) to seniors to lower inflation and health care costs. However, it has proven to accomplish the exact opposite, and now it’s up to lawmakers on Capitol Hill who wisely opposed the law in 2022 to address its failures and help end the raid on our nation’s seniors.
Nearly two years after its passage, the IRA has diverted nearly $260 billion from the projected Medicare “savings” to pay for special interest handouts like large tax credits for costly electric vehicles, enormous subsidies paid to big health insurer-PBM corporations, and funding health care programs for illegal immigrants.