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Navigating the Inflation Reduction Act
Manage episode 450815234 series 3551851
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In this episode of Brokers' Corner, we dive into the game-changing implications of the Inflation Reduction Act (IRA) on employer-sponsored health plans and the broader health care landscape. While the IRA promises relief for Medicare recipients by lowering prescription drug costs, it’s creating significant challenges for employers, brokers, and employees when it comes to rising health care expenses. Mary explores the ripple effects of the IRA’s prescription drug pricing changes, the potential for higher premiums and out-of-pocket costs, and strategies brokers can use to help clients navigate this shifting terrain. From negotiating better pricing to educating employees and exploring cost-effective health plan options, we provide actionable insights to help benefits professionals stay ahead in this new era of health care.
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