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The Inflation Reduction Act of 2022 (IRA) is a United States federal law which aims to reduce the federal government budget deficit, lower prescription drug prices, and invest in domestic energy production while promoting clean energy.
Medicare is one of the biggest winners of the Inflation Reduction Act, being granted powers to negotiate drug prices for the first time in history. ... set to take effect in 2026 for 10 drugs and ...
President Joe Biden's signature Inflation Reduction Act (IRA) includes a provision to penalize drugmakers who work with Medicare, a government program for people aged 65 and older or who are disabled.
A provision of Biden’s Inflation Reduction Act requires drugmakers to pay rebates to Medicare, the federal health program for Americans over age 65, if they hike the price of a medication faster ...
Vice President Kamala Harris, however, wasted no time Thursday campaigning on the new drug deals, especially since no Republicans supported the law, called the Inflation Reduction Act (IRA), and ...
The Affordable Insulin Now Act is a bill in the United States Congress intended to cap out-of-pocket insulin prices under private health insurance and Medicare at no more than $35 per month. [ 1 ] The bill was first introduced on February 25, 2022, by Representative Angie Craig ( D - MN ). [ 2 ]
Inflation Reduction Act (IRA) Summary. The Inflation Reduction Act passed the House and Senate using reconciliation along party lines in August 2022. President Biden signed it into law on August 16. Vox reported that key objectives include: Reduce carbon emissions significantly through climate protection incentives. This includes tax credits ...
The Inflation Reduction Act — which still has plenty of hurdles to overcome before it becomes law — is a far cry from some early ... the price of prescription drugs, and the U.S. tax code's ...