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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 ...
The state received $3.75 million for urban forests and nature conservation, $209,000 for fighting pollution, and $78.7 million to protect the state from climate change impacts (the third amount is from the Infrastructure Investment and Jobs Act and the Inflation Reduction Act combined).
The drug companies will owe penalties, in the form of rebates paid to Medicare, that will be deposited in the Medicare Trust Fund, which helps pay for health services. The companies will be billed ...
[3] [4] [5] A version of the bill contained in the Inflation Reduction Act (IRA) for private health insurance was blocked by Senate Republicans on August 8, 2022. [ 6 ] [ 7 ] However, the inflation reduction legislation did cap out-of-pocket insulin cost at $35 per monthly prescription for the following: [ 8 ]
Although it is called the Inflation Reduction Act (IRA), for many homeowners the opportunity to save money -- by making their home more energy-efficient -- trumps a gradual easing of inflation 10...
The signing Tuesday of the Inflation Reduction Act is set to kick off a parade of action from the Biden administration and other Democrats to sell the bill. A big aspect of the coming Democratic ...