【《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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