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Having to choose between paying for medicine, food, or rent each month is the new normal for millions of older adults. The pandemic, its economic fallout, and soaring inflation are pushing far too many middle-income older Americans into financial crisis — especially people of color who are already at an economic disadvantage as they age.
The Inflation Reduction Act of 2022 offers a ray of hope. The legislation caps out-of-pocket costs for beneficiaries at $2,000, which will help roughly a million older adults save about $1,000 each year. It also makes health care more affordable for 10 million people by extending the enhanced Affordable Care Act marketplace subsidies through 2025, savi
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Inflation Reduction Act will make aging with dignity possible for more
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The Hill Inflation Reduction Act will make aging with dignity possible for more Americans Having to choose between paying for medicine, food, or rent each month is the new normal for millions of older adults. The pandemic, its economic fallout, and soaring inflation are pushing far too many middle-income older Americans into financial crisis — especially people of color who are already at an economic disadvantage as they age.The Inflation Reduction Act of 2022 offers a ray of hope. The legislation caps out-of-pocket costs for beneficiaries at $2,000, which will help roughly a million older adults save about $1,000 each year. It also makes health care more affordable for 10 million people by extending the enhanced Affordable Care Act marketplace subsidies through 2025, savi
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