MedPage Today August 12, 2022
— The Inflation Reduction Act now heads to President Biden for his signature
WASHINGTON — By a party-line vote of 220-207, the House passed the Inflation Reduction Act — a bill that among other provisions allows Medicare to negotiate drug prices — and sent it to President Biden for his signature.
“The Inflation Reduction Act is also one of the most significant pieces of health care legislation to move through Congress in over a decade,” Rep. Frank Pallone (D-N.J.), chairman of the House Energy & Commerce Committee, said during the debate on the measure. “It breaks Big Pharma’s monopoly on prescription drug prices. The bill will lower prescription drug costs for seniors by finally empowering Medicare to negotiate the cost...
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