{"id":2002148,"date":"2023-08-16T06:09:09","date_gmt":"2023-08-16T10:09:09","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/not-just-climate-inflation-reduction-act-has-made-major-healthcare-changes-one-year-in\/"},"modified":"2023-08-16T06:12:10","modified_gmt":"2023-08-16T10:12:10","slug":"not-just-climate-inflation-reduction-act-has-made-major-healthcare-changes-one-year-in","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/not-just-climate-inflation-reduction-act-has-made-major-healthcare-changes-one-year-in\/","title":{"rendered":"Inflation Reduction Act brings significant healthcare changes after one year."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnot-just-climate-inflation-reduction-act-has-made-major-healthcare-changes-one-year-in%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2002148&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>President Joe Biden&#8217;s Inflation Reduction Act: A Game-Changer for Healthcare Affordability<\/h2>\n<p>One year ago, President Joe Biden&#8217;s Inflation Reduction Act \u2062(IRA) was passed, marking a significant milestone in\u2062 the\u2062 fight against skyrocketing healthcare\u2064 costs. This comprehensive legislation, spanning 274 pages, encompasses key provisions that are already reshaping the future of the healthcare industry.<\/p>\n<h3>Tackling Rising Healthcare Costs<\/h3>\n<p>The IRA addresses four critical areas of concern when it comes to healthcare expenses:<\/p>\n<ol>\n<li>Medicare drug pricing<\/li>\n<li>Insulin\u200b costs<\/li>\n<li>Vaccine coverage under Medicaid and the Children&#8217;s Health Insurance Program<\/li>\n<li>Obamacare insurance subsidies<\/li>\n<\/ol>\n<p>These provisions aim to alleviate the burden on\u200d working families and make healthcare more affordable for all.<\/p>\n<h3>Public Concern and Voter Influence<\/h3>\n<p>New polling data from the Campaign for Sustainable\u2064 Rx Pricing reveals that 69% of people are \u2064worried about prescription drug\u2063 prices. Additionally, a\u2063 third of\u200d respondents struggled to afford their medications in the past year. Addressing these \u200cconcerns is not\u2063 just a policy debate; it is\u200d a core value for voters.<\/p>\n<p>According to bipartisan pollsters, the issue of prescription \u2064drug prices can\u200b significantly \u200bimpact voter turnout, similar to other pocketbook issues like gas prices and housing costs.<\/p>\n<h3>Main Provisions of the\u200d IRA<\/h3>\n<p>Let&#8217;s take a closer\u2063 look at the key provisions of the\u2063 IRA that have already begun to shape access to healthcare:<\/p>\n<h4>Medicare Drug \u200cPricing<\/h4>\n<p>The IRA establishes the Drug Price\u200d Negotiation\u200c Program, estimated to \u2062save Medicare $101.8 billion by 2031. This \u2063program requires the secretary of the\u200d Department \u2063of\u200d Health and Human Services to negotiate maximum fair prices for certain brand-name medications without generic competitors under Medicare Part D. The program will eventually expand \u200bto include hospital-administered medications under Medicare Part B.<\/p>\n<p>Non-compliant drug manufacturers may face penalties and \u2062excise taxes\u200d of 65% to \u206495% of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/not-just-climate-inflation-reduction-act-has-made-major-healthcare-changes-one-year-in\/\" title=\"Inflation Reduction Act brings significant healthcare changes after one year.\">total drug sales revenue<\/a>. \u2064However,\u2062 some \u200dpharmaceutical\u2064 companies and analysts argue that this program could \u200bhinder research and development.<\/p>\n<h4>Insulin Costs<\/h4>\n<p>The IRA has already made significant strides in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/north-carolina-democratic-chairwoman-urges-biden-to-campaign-in-state-says-democrats-have-showing-up-problem\/\" title=\"NC Dem chairwoman urges Biden to campaign, cites Dems' 'showing up problem'\">reducing insulin costs<\/a>. Monthly co-pays for insulin under\u200c Medicare Part D are now capped at $35,\u200c and deductibles have \u2064been \u200beliminated under \u2063Medicare Part \u200bB for \u2064certain administration methods. Pharmaceutical companies have also voluntarily lowered insulin prices in response to the IRA.<\/p>\n<h4>Vaccine Coverage \u200bunder Medicaid and CHIP<\/h4>\n<p>As of January 2023, Medicare Part D covers all vaccines recommended by the CDC&#8217;s Advisory Committee on Immunization Practices, including the shingles vaccine. Additionally, federal\u2064 funding will equip states to cover recommended vaccines \u200cfor adults under Medicaid and CHIP, benefiting millions of people.<\/p>\n<h4>Obamacare Insurance Subsidies<\/h4>\n<p>The IRA extends the Obamacare premium tax \u200bcredit, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-great-natural-gas-price-hike-of-2022-is-here\/\" title=\"The Great Natural Gas Price Hike Of 2022 Is Here\">providing financial support<\/a> for households struggling to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/15-million-americans-set-to-lose-medical-coverage-as-public-health-emergency-ends\/\" title=\"15 million Americans will lose medical coverage after a Public Health Emergency ends\">afford health insurance<\/a>. \u2063Eligibility for subsidies is based on income levels, ensuring that those who spend a significant portion \u200cof their income on healthcare receive assistance.<\/p>\n<p>The extension of Obamacare subsidies\u2063 is the most costly component of the IRA&#8217;s healthcare provisions, \u2063amounting to nearly $33 billion over 10 years.<\/p>\n<p>With the\u200c IRA&#8217;s healthcare provisions already making\u2062 a tangible\u2063 impact, it is no wonder that Democrats are likely to \u2062highlight these achievements in the upcoming\u2062 2024 election cycle. The fight for affordable healthcare continues, and the IRA is leading the way.<\/p>\n<p><em>Click here to read more from the Washington Examiner.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden&#8217;s Inflation Reduction Act, enacted a year ago, includes vital measures to combat the medical affordability crisis. These provisions, found within the 274-page law, are already reshaping the healthcare industry. Focusing on Medicare drug pricing, the legislation tackles key areas contributing to escalating healthcare expenses.<\/p>\n","protected":false},"author":1,"featured_media":2002149,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2002148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2002148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2002148"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2002148\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2002149"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2002148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2002148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2002148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}