New Poll: Nearly 50% of Seniors Oppose Inflation Reduction Act

New Poll: Nearly 50% of Seniors Oppose Inflation Reduction Act

Jim McCool
Jim McCool
|
September 13, 2022

While inflation has remained President Biden's (D) biggest challenge to his presidency, it seems that this hurdle is now being reflected in public opinion.

The Inflation Reduction Act has been coined by Democrats as the solution for inflation, but 50% of seniors still oppose the legislation.

Last month, President Biden signed the Inflation Reduction Act, which makes major changes to Medicare policies, including giving Medicare the ability to negotiate prices of certain prescription drugs and putting a $2,000 cap on annual out-of-pocket prescription drug costs.

An August MedicarePlans.com survey of 1,000 Americans 65-85 found that 48% of seniors oppose the Inflation Reduction Act.  Of the seniors polled, 41% identify as Republican, 29% Democrat, and 26% Independent.  Overall, 62% seniors disapprove of the way Job Biden is handling his job as President in general.

The same poll also found that 57% of Republicans support cutting prescription drug costs provision, despite overall opposition to the IRA.  We have seen Republicans ironically hone in on this issue, with even President Donald Trump (R) signing executive orders to slash prescription drug costs.

In terms of impacting the midterms, Republicans are still seeing a down hill battle against the Democrats this November.  Of the independents polled, 42% of Independent voters say they would vote Republican if midterms were held today.

Jim McCool

Jim McCool

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