Vice President Kamala Harris will undoubtedly tout the Inflation Reduction Act (IRA) in nearly every stump speech as her party's biggest legislative accomplishment of the past four years.
But it's about to backfire on her. The law's changes to Medicare are colliding with the complex reality of the U.S. healthcare system -- and leaving many seniors worse off than before.
Both monthly premiums and out-of-pocket costs are soaring or will go up -- so much so that the Biden-Harris administration is currently engineering one of the largest-ever taxpayer funded bailouts to prevent notices of huge premium hikes from hitting seniors' mailboxes just before the election.
