Inflation Reduction Act 2024 Spending Card Program. Here are the big provisions: On august 16, 2022, president biden signed the inflation reduction act (ira) into law, marking one of the largest investments in the american economy, energy security, and climate that.
Gdp growth has been strong: In 2024, cms estimates that individuals making above four times poverty in healthcare.gov states save an average of $4,248 annually due to the inflation reduction.