Joe Biden’s Inflation (Reduction) Act (IRA) will lead to higher costs for seniors, AARP study says

AARP study says 94 percent of Medicare Part D enrollees will see savings from Joe Biden's Inflation (Reduction) Act.

Frida Ghitis : Most seniors won’t benefit from one of the law’s main provisions, meaning they’ll suffer from higher costs, not lower ones.

Ghitis says AARP is just flat-out shilling for Joe Biden and his flawed law.

The AARP study claims that prescription drug-related provisions in the 2022 law will reduce Part D enrollee and program spending by billions of dollars .

It cites a February 2023 CBO presentation where the budget gnomes estimated that federal Part D spending will decline by $17 billion in 2031 .

If trends CBO outlined only a few months ago continue, much, if not all, of the IRA’s supposed long-term savings within Medicare Part D will evaporate.