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As part of the Inflation Reduction Act, Medicare will negotiate drug prices, limit annual price hikes and cap insulin costs paid by older Americans.

As part of the Inflation Reduction Act, Medicare will negotiate drug prices, limit annual price hikes and cap insulin costs paid by older Americans.

Medicare is a vital program for seniors, but is fundamentally unaffordable as it is currently structured because it faces an unfunded obligation of $85.6 trillion. Phasing out the subsidy forupper-income seniors is an obvious first step toward Medicaresustainability. Such a policy would reduce Medicare's long-runexcess costs by over $41 trillion.

Doctors recently told me that my metastatic prostate cancer is incurable, and I have six months or less to live.

(Archived document, may contain errors) September 25, 1995 FEHBP CONTROLS COSTS AGAIN: MORE LESSONS FOR MEDICARE REFORMERS By Robert E. Moffit Deputy Director of Domestic Policy Studies