Inflation Reduction Act of 2022

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 […]