McKnight’s Senior Living August 9, 2022
Long-term care residents and other Medicare beneficiaries will not have to pay more than $2,000 per year for their medications, and beneficiaries with diabetes will not have to pay more than $35 per month for insulin, under the terms of the Inflation Reduction Act passed by the Senate over the weekend — if it also passes in the House as written and is signed into law as expected.
“Hitting some key areas [of the economy] such as impacts on senior pocketbooks in healthcare in particular is going to have a very positive outcome for seniors in how that translates into senior care,” Chris Orestis, CSA, president of Retirement Genius, told the McKnight’s Business Daily.
Keeping health insurance affordable is...