Inflation Reduction Act will have immediate benefit to health-care costs, says Rep. Hakeem Jefferies

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Congressman Hakeem Jefferies, chairman of the House Democratic caucus, joins CNBC’s ‘Squawk Box’ to discuss how the so-called Inflation Reduction Act will help reduce prices, stem climate change, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO:

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Disclaimer: This content including advice provides generic information only. It is in no way a substitute for a qualified medical opinion. Always consult a specialist or your own doctor for more information.

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  1. So BIDEN, says inflation is 0%; how come my food bill is twice what it was before he was elected.

    Never underestimate Biden’s ability to F things up!!!

  2. I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein…

  3. Ok but the health care benefits that your talking about already exist. This bill doesn’t add new benefits it just extends existing benefits, so I’m not sure how keeping the existing policy reduces future costs?

    Then you talk about the seniors of their country. That part of the bill doesn’t start til 2026. Did you not understand the question? Or just not listen? A policy that doesn’t start until 4 years from now has no economic effect today

    “There’s a lot of deficit reduction today” yes there is, but that has been done to get inflation under control to where it is now

  4. From my point of view this is about saving the U.S gov.
    SS and medicare are the biggest spending after military. About 10 years ago when QE had a few years and rates were 0. There was projetion about the budget that said SS practicly broke by 2040.
    Think this is going to be a big tax hike on american middle class. Think like uk. Good health care, high taxes.

    Other point, how nany layoff, wage freeze on private hospitals and labs?

    So long folks.

  5. More BS from politicians who care more for their political party then the people they represent.

    Why would anybody vote democrat? Look how bad it’s gotten in 2 years?

  6. "inflation reduction act" …stop calling it that. stop treating ur viewers as idiots. what agency goes after congress for false advertising?

  7. Still hilarious they called it the “Inflation Reduction Act”, although they are basically back to money printing again. Say hello to enhanced inflation 😂

  8. SHORT SELLERS WILL LOSE LOTS OF $MONEY$!! SQUEEZE those short sellers TIL NOVEMBER (Mid-Term Election)

  9. Benefit maybe. But then the 87000 IRS agents will kick in and rob the American citizen even more. Socialist Joe's new slogan: pay more, live worse

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