Biden’s Act Leads to Record-High Medicare Premium Increase for Seniors
TL/DR -
The article criticizes Biden's Inflation Reduction Act (IRA) for its unintended consequences, particularly on the healthcare industry and specifically on out-of-pocket maximums for Medicare Part D. The IRA lowered the out-of-pocket maximum for seniors from $3,300 to $2,000, shifting $1,300 of the burden to insurance companies, who then…