Inflation Reduction Act & NC

Here’s what North Carolinians Are Reading About the Inflation Reduction Act

From CBS17.com: “When can NC expect Medicare Changes from the Inflation Reduction Act?”

Now that the Inflation Reduction Act has been signed into law, many people in North Carolina will get financial help when it comes to health care. The vote was strictly along party lines, but the bottom line is, more than 64 million Americans will benefit from the changes to Medicare. … “This is a huge step forward to make sure that prescription drugs [are] affordable in this country especially for people who rely on Medicare for their health insurance, and for over 2 million North Carolinians who rely on Medicare for their health insurance that’s a really big deal, said Melissa Burroughs, associate director of strategic partnerships at Families USA.

From the Charlotte Observer: “How the Inflation Reduction Act Could Reimburse NC Residents for Saving Energy”

After more than a year of negotiations over the cost of the Inflation Reduction Act, President Biden signed the bill into law. … The extensive legislation addresses taxes, healthcare, and climate initiatives. The new legislation will “lower costs for families, combat the climate crisis, reduce the deficit, and finally ask the largest corporations to pay their fair share,” The White House said in a statement. Although it’s a much slimmer version of Biden’s Build Back Better plan, the Inflation Reduction Act of 2022 still has a hefty price tag, reserving almost $370 billion for climate change alleviation. A portion of those funds will go towards lowering energy costs and emissions for individuals, effectively saving money for many families in North Carolina and across the country.

From the Raleigh News & Observer: “What the Inflation Reduction Act Will Mean for North Carolina Residents”

With the Raleigh skyline as a backdrop, Rep. Deborah Ross joined state and nonprofit leaders … to celebrate … passage of the Inflation Reduction Act and what the sweeping federal climate, health care, and tax bill will mean for North Carolinians. “At a time when we need it most, this legislation marks the single largest investment we have ever made in this country’s history to combat climate change,” Ross said from Dorothea Dix Park on the campus of the North Carolina Department of Health and Human Services. “I’ve seen the potential our state has to lead this country in renewable energy. In particular, in offshore wind.”

From Spectrum News: “How the White House Says the Inflation Reduction Act Will Impact NC”

The potential impact of the Inflation Reduction Act, which President Joe Biden recently signed into law, is coming into clearer view. This week, the White House released information on how the climate and health care bill, supported by Democrats in Congress, will impact states… Tax credits would cover 30% of costs to install solar panels and make clean energy home improvements. The White House says this will result in more than 170,000 North Carolina households installing rooftop panels… Around 135,000 people in North Carolina will gain health insurance next year, according to projections from the Department of Health and Human Services.

From The Coastland Times: “Inflation Reduction Act Lowers Healthcare Costs and Improves Access”