Millions Of Americans Will Save On Medicare Fees Next Year

President Biden announced a plan to reduce healthcare premiums by 3% to counteract last year's inflation-driven price spikes. This reduction will save Medicare users over $5 monthly, offsetting a previous increase due to the Alzheimer's drug Adelhelm. The announcement comes as 66 million Americans await the next Social Security cost of living adjustment. The Biden administration is optimistic about future economic progress, citing the Inflation Reduction Act as a forthcoming measure. However, the plan has faced criticism from Republicans, who attribute high inflation to the administration's policies.

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