Inflation Reduction Act 2024 Medicare. The inflation reduction act makes medicare stronger for current and future enrollees. The reconciliation bill — called the inflation reduction act — would eliminate the 5% copay in 2024, benefiting more than 1.3 million seniors, kff estimates, as a precursor to.

It makes health care more accessible, equitable, and affordable by lowering what medicare spends for prescription drugs and limiting increases in prices. Starting january 2024, the inflation reduction act expanded the program to cover more drug costs for people with limited resources: