No it reduces how much the federal government spends on Medicare drugs. Unfortunately, those savings don't get passed onto seniors.
No, Medicare seniors don't pay the prices drug companies charge. They pay copays set by their Medicare plan. Copays have no relation to drug prices.
Yes, the IRA reduces what Medicare plans can charge seniors for insulin. But plans make up the extra expense by raising seniors' premiums, which jumped 21% after the law passed.
Because Congress wanted to use the savings to reduce spending on Medicare so it could spend more on other things, like green energy.
No. Medicare is a federal government program so the savings can be spent on any federal program. It's like saving money on your gas bill at home. You don't have to use it buy more gas, like saving money on the gas bill at home. Its means you have more to spend on other things.
Yes, but in this case Congress chose not to dedicate the savings to improving Medicare benefits or reducing costs for seniors.
Yes. The Congressional Budget Office (CBO) had made that clear and they were told this before the vote.
Since very little of the green energy funds have been spent, Congress could pass a law to cut spending on electric vehicle subsidies and return the Medicare to Medicare.