Healthcare DIVE August 15, 2022
The House of Representatives on Friday passed the Inflation Reduction Act, extending boosted Affordable Care Act subsidies and giving the federal government a new power to negotiate drug prices.
The bill, which passed on party lines in a 220-207 vote, will now head to President Joe Biden’s desk. He is expected to sign it into law this week.
House Speaker Nancy Pelosi, D-Calif., called the bill “historic and transformative” in a news conference held before the House vote.
The over $700 billion bill looked dead on the Senate floor until Democrats announced in late July they had successfully negotiated with Sen. Joe Manchin, D-W.Va. The monthslong negotiations came to fruition in early August when the bill passed the Senate in a...