Update on the “Drug Savings” in the “Inflation Reduction Act”

Update on the “Drug Savings” in the “Inflation Reduction Act”

The left is VERY good at planting fiscal time bombs in the budget whose costs explode in the “out years.” Exhibit A is the inaptly titled Inflation Reduction Act. Casey Mulligan, at the time a senior fellow with Unleash Prosperity, repeatedly warned that the IRA would drive premiums and subsidies in the Medicare Part D prescription drug program higher, despite the Biden administration insisting it would generate hundreds of billions in savings. …