Inflation Reduction Act 2024 Medicare. The inflation reduction act requires drug companies to pay rebates to medicare when prices increase faster than the rate of inflation for certain drugs. Learn how the inflation reduction act is cutting drug costs for medicare.

The inflation reduction act of 2022 was signed into law on august 16, 2022. The inflation reduction act of 2022, signed into law by president biden on august 16, 2022, includes several provisions to lower prescription drug costs for people with medicare and.