Stimulus Update: 4 Ways the Inflation Reduction Act Will Put Money in Your Pocket

·5 min read
Stimulus Update: 4 Ways the Inflation Reduction Act Will Put Money in Your Pocket

On Tuesday, President Joe Biden signed into law the Inflation Reduction Act. It won't happen immediately, but the new legislation addresses the sky-high cost of prescription medications by allowing Medicare to negotiate prices with pharmaceutical companies. Slowly, beginning with 10 prescription drugs, prices will drop.