Is Inflation Reduction Act a step towards government-run healthcare?

Is Inflation Reduction Act a step towards government-run healthcare?

The passage of the Inflation Reduction Act (IRA) affects the healthcare of millions of Americans.

Many Democrats represent the bill as a step towards “Medicare for All” under a government-run single-payer healthcare system.

The Bill is aimed at guaranteeing free, state-of-the-art healthcare to every American.

US healthcare spending grew about 10 percent in 2020 to reach an overall $4.1 trillion or approx $12,530 per person.

Nearly one in five Americans has medical debt, and out-of-pocket expenditure for healthcare has doubled in the last 20 years.

The IRA contains several healthcare provisions, including those to Medicare drug costs by about $287 billion over 10 years.

Some provisions are focused on lowering Affordable Care Act premiums for three years.

The US ranks 31st in life expectancy at birth, with high rates of infant mortality, obesity and heart disease among others.