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What will be the public opinion on the Inflation Reduction Act by end of 2024?
1
Resolution / Starting Odds
Increased approval (> 60% support) • 33%
Neutral (~50% support) • 33%
Decreased approval (< 40% support) • 33%
Public opinion polls conducted by reputable polling organizations
Story
Biden Administration to Lower Costs for 64 Drugs, Benefiting Medicare Seniors
Jun 26, 2024, 06:49 PM
The Biden administration announced measures to lower costs for 64 drugs through inflation penalties on drugmakers. This initiative, part of the Inflation Reduction Act, will benefit over 750,000 Medicare recipients, allowing seniors to pay less for these medications. The law mandates pharmaceutical companies to pay rebates if they increase prices faster than inflation, with these rebates being used to save seniors thousands of dollars. The act, which aims to combat price gouging by Big Pharma, faced unanimous opposition from Republicans. The full list of the 64 drugs is available.
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Climate Change • 25%
Inflation Reduction • 25%
Economic Impact • 25%
Other • 25%
Strongly support • 25%
Somewhat support • 25%
Somewhat oppose • 25%
Strongly oppose • 25%
Yes • 50%
No • 50%
Amendment • 25%
Repeal • 25%
No significant action • 25%
Other • 25%
Increased government spending • 25%
Rising inflation • 25%
Insufficient climate action • 25%
Other • 25%
Misrepresentation of Purpose • 25%
Ineffectiveness in Tackling Climate Change • 25%
Excessive Spending • 25%
Other • 25%
Significant Impact • 50%
No Significant Impact • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Very favorable • 25%
Somewhat favorable • 25%
Neutral • 25%
Unfavorable • 25%
Majority support • 33%
Majority oppose • 33%
Evenly split • 34%