Inflation Reduction Act of 2022

GOP claims to the contrary, Sen. Brown says extra IRS funds will make the rich pay up

BY: - September 6, 2022

The Inflation Reduction Act signed last month by President Joe Biden does some things that poll well with Americans. It attempts to lower the cost of prescription drugs for seniors, it extends health care subsidies for lower-income people and it’s a significant attempt to combat climate change. So in criticizing the bill, many Republicans have […]

New federal law helps many non-Medicare patients, too

BY: - August 25, 2022

The Inflation Reduction Act signed earlier this month by President Joe Biden has gotten lots of attention for provisions intended to reduce climate change, and for ways it will keep down prescription costs for older Americans on Medicare. But perhaps getting less attention is how the act will help keep down health costs for 14.5 […]

Diabetes activists applaud drug reforms, say more needs to be done

BY: - August 19, 2022

Pricing reforms under a sweeping law signed on Tuesday by President Joe Biden are great for diabetics, but much more needs to be done, an activist said Wednesday. As part of the Inflation Reduction Act, monthly out-of-pocket insulin costs for Medicare recipients were capped by the law at $35 a month. Together with capping all […]

Experts: Dems’ drug measures are good for seniors. But there are downsides

BY: - August 12, 2022

The sweeping Inflation Reduction Act passed by Democrats in the U.S. Senate on Sunday takes on an issue that Americans have been screaming about for years: the high cost of prescription drugs. But while it will bring immediate relief to millions of seniors, several experts have said it may dampen development of new drugs and new uses for existing ones. And, they say, it fails altogether in addressing one of the fundamental drivers of increasing drug costs for all Americans — the massive, non-transparent system of rebates charged by drug middlemen.

U.S. Senate Democrats dive into details of surprise 725-page reconciliation bill

BY: - August 2, 2022

WASHINGTON — President Joe Biden took a preliminary victory lap last week to celebrate Democrats striking a surprise deal on a sweeping legislative package that renewed hopes of historic action on the party’s health care, tax and climate goals. But just down Pennsylvania Avenue, Senate Democrats said they needed to read through the bill text […]