The Senate yesterday voted 51-50 to pass the Inflation Reduction Act (H.R. 5376), a roughly $700 billion social spending package that includes health care, climate change and tax provisions. The House is expected to consider the bill Friday. The legislation would extend for three years the American Rescue Plan Act’s expanded subsidies for coverage purchased through the Health Insurance Marketplaces; allow Medicare to negotiate prices for insulin and certain other drugs; implement tax changes and spending subsidies to address climate change; and reduce the deficit, among other provisions. 

Related News Articles

Headline
The Senate Finance Committee today released a discussion draft of legislation to expand the mental health workforce. According to a summary of the provisions,…
Headline
UnitedHealth Group may proceed with its proposal to acquire Change Healthcare, a federal district judge ruled yesterday. The Department of Justice, joined by…
Headline
The AHA and American Medical Association today moved to dismiss their challenge to the federal government’s September 2021 interim final rule governing the No…
Headline
The Senate this weekend is expected to take up the Inflation Reduction Act (H.R. 5376), the latest version of the Build Back Better Act, a roughly $700 billion…
Headline
The House Appropriations Committee today voted 32-24 to approve legislation that would provide $242.1 billion in funding for the departments of Labor, Health…
Headline
The Senate Health, Education, Labor & Pensions Committee last night voted 13-9 to advance legislation that would reauthorize Food and Drug Administration…