Inflation Reduction Act

Since the law passed two years ago, more than $7.8 billion worth of private investment has come to the Hoosier state. Most of the money has gone to EV battery manufacturing plants for companies like Samsung, Stellantis and Toyota.

Until recently, Indiana received the second lowest amount of funding per person from the Inflation Reduction Act and the federal infrastructure law. Thats according to a report by Atlas Public Policy.

An overhaul of Medicares prescription drug benefit will lower costs for seniors while changing incentives for insurers and drugmakers.

The Inflation Reduction Act gives Medicare historic new powers to lower prescription drug prices, but lawsuits, loopholes and opposition from the drug industry could undermine them.

A recently approved economic package will lower out-of-pocket costs for some patients. Many who rely on the costly medication say the measure doesn't go far enough.

The federal Inflation Reduction Act could help Indiana utilities and other businesses to adopt renewable energy like solar but whether it will encourage Indiana residents to do the same is unclear.