“This bill caps seniors’ out of pocket spending for prescription drugs at $2000 per year – no matter what their drug bills would otherwise be, seniors will not have to spend more than $2000. The $739 billion package will expand some health care programs under the Affordable Care Act and allow the government to have a direct role in negotiating drug prices with companies, which will hopefully lower prescription drug costs. The aim of the bill was to help address the ongoing issue of inflation, which has been raising prices of goods and services around the world by increasing job creation raising taxes for big corporations and hedge funds, investing in initiatives to address climate change and some health care provisions.
#Budget reconciliation 2022 full#
However, some changes were made to allow the full package to move forward. Democratic senators were able to keep the majority of changes proposed by Republicans out of the final bill.
The Inflation Reduction Act of 2022 (HR 5376) passed with a 51-50 vote, with all Democrats voting in favor and every Republican dissenting. However, one measure that Democrats initially pushed for was missing from the final bill: insulin caps for patients enrolled in private health insurance.
After a 15-hour amendment process, the US Senate passed a budget reconciliation bill for a long-awaited climate, tax, and health care package.
0 kommentar(er)
