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The funding comes from the Infrastructure Investment and Jobs Act and the Inflation Reduction Act. [266] [267] According to a Biden administration statement, in the first year of implementation, around $2 billion was allocated to protect and restore land and marine ecosystems, including National Parks and the National Wildlife Refuge System. [268]
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 ...
Starting in fiscal year 2024, 50 drugs with the same criteria as before would need to have their price negotiated. Any newly approved, single-source, brand name drugs that exceeds a price threshold that the HHS has set that was determined to likely to meet the spending criteria. The negotiated drug prices would have to meet the following criteria:
A budget resolution for the 2021 fiscal year began to be considered by the 117th United States Congress in February 2021. As appropriations for the fiscal year had already been approved, the budget resolution's main purpose was to begin the budget reconciliation process to allow a COVID-19 pandemic relief bill to be passed without the possibility of being blocked by a filibuster.
Big pieces of the landmark Inflation Reduction Act that President Biden signed into law four and a half months ago are set to come online in 2023.. On Jan. 1, an array of the law’s provisions ...
The United States Department of Agriculture (USDA) is an executive department of the United States federal government that aims to meet the needs of commercial farming and livestock food production, promotes agricultural trade and production, works to assure food safety, protects natural resources, fosters rural communities and works to end hunger in the United States and internationally.
One way the administration did that was through the Inflation Reduction Act (IRA), which was signed into law in 2022. Key provisions of the bill are directly aimed at improving the lives of the ...