Hoyer on Inflation Reduction Act: Federal Reserve 'Is Really How You Deal with Inflation' -- But Bill Lowers Health Costs

Hoyer on Inflation Reduction Act: Federal Reserve ‘Is Really How You Deal with Inflation’ — But Bill Lowers Health Costs


On Friday’s “CNN Newsroom,” House Majority Leader Rep. Steny Hoyer (D-MD) stated that the Inflation Reduction Act will help deal with inflation right now by reducing healthcare costs, but the Federal Reserve “making judgments on interest rates…is really how you deal with inflation.”

Hoyer stated that the bill will have an impact on 8.5% inflation right now because “healthcare costs are a significant cost to the American consumer, and this, unarguably, is going to bring down costs of health care for people. Some, in the short term, as I just said, we’ll maintain the subsidies that we give so that people’s insurance rates will not go up from their standpoint, in terms of the costs that they have to incur. Making vaccines free will bring

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