Inflation Reduction Act: How It Helps Millions of Underprivileged Americans

Jennifer, the daughter of Cheryl Hadshall, has bravely dealt with diabetes and a variety of other health issues for the majority of her life. Even with insurance, her insulin and other necessary medications cost $600 per month, making the battle never simple.

Jennifer receives benefits. His mother is also retired. They make a modest living, so she panics whenever she gets a medical bill or has to buy medicine. Hadshall’s first concern is whether or not I will be able to pay for my daughter’s care out of pocket while also stocking the fridge and filling the tank with gas. For her insulin and a number of prescription drugs, Jennifer depends on Medicare disability coverage.

A blessing arrived for her and her daughter at the beginning of the new year.

As of January 1, Medicare recipients like Jennifer will only be able to access insulin up to a monthly maximum of $35 due to the Inflation Reduction Act. My family’s financial situation has already improved as a result of this new benefit, which makes it simpler for us to pay for necessities and save money for unforeseen expenses.

With just the insulin cap included in this historic law, health care will become more accessible and reasonable for all Americans.

Millions of Americans, including Jennifer, are having their lives saved by the new law, and families like ours now have hope that, despite our loved ones’ health issues and disabilities, taking care of them won’t bankrupt us.

WASHINGTON, DC – AUGUST 16: U.S. President Joe Biden (C) gives Sen. Joe Manchin (D-WV) (L) the pen he used to sign The Inflation Reduction Act with Senate Majority Leader Charles Schumer (D-NY) and House Majority Whip James Clyburn (D-SC) in the State Dining Room of the White House August 16, 2022 in Washington, DC. The $737 billion bill focuses on climate change, lower health care costs and creating clean energy jobs by enacting a 15% corporate minimum tax, a 1-percent fee on stock buybacks and enhancing IRS enforcement. (Photo by Drew Angerer/Getty Images)