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Americans over the age of 65 are struggling to pay for medications: Will Inflation Reduction Act fix problem in time?

Will the Inflation Reduction Act reduce the cost of medications to those over the age of 65?

That question has been at the center of debate since Congress announced passage of the package.

Susan Hunter, a 72-year-old who spoke with News10NBC recently, talked about the struggle facing many in her shoes.

“I can’t afford it, I have to make a choice of what I’m going to take because I mean I’m trying to live, I’m trying to survive but I never thought I’d get to be this age and have to make choices like this in life,” she told them.

Millions of Americans are in similar situations, forced to make these kinds of choices.

RELATED: What is the inflation rate and how has it changed?

If signed into law seniors on Medicare will have a $2,000 annual cap on out-of-pocket drug expenses. Medicare would also begin negotiating its own drug prices.

The change could make a huge difference for seniors. However, one question that remains to be seen is how quickly and effectively the changes are implemented for them.

Categories: New York StateNews