Finally, skyrocketing prescription drug prices are under control!
【《We Chinese in America》Media Editor Tang Zhao, September 1, 2022】The Inflation Reduction Act is law, and seniors will finally see some relief from high Rx prices. Below is a short and sweet summary impacting individuals who are on Medicare.
(Image credit: 260PEO)
- · Medicare can negotiate lower drug prices for the first time ever;
- · Drug Companies will be penalized for increasing Medicare drug prices higher than inflation;
- · Seniors in Medicare drug plans will not pay more than $2,000 a year for prescriptions;
- · Insulin co-pays in Medicare will be capped at $35 a month.
(Source: New York Times.)
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