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By Health Capital Consultants, LLC
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President Biden Signs the Inflation Reduction Act into Law
On August 16, 2022, one week after Congress passed the Inflation Reduction Act of 2022 (IRA), President Joseph Biden signed the bill into law. The broad bill, which covers healthcare, taxes, and climate change, had been passed around Congress in assorted versions with varying support for months, but under the specter of a record 40-year-high inflation rate, congressional Democrats ultimately came together to pass the IRA; no Republicans voted for the bill.
The IRA aims, among other things, to fight against ever-increasing healthcare costs, by lowering prescription drug prices and extending federal health insurance subsidies. (Read more…)
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Filed under: Experts Invited, Health Economics, Healthcare Finance, Investing | Tagged: Health Capital Consultants, Inflation Reduction Act, IRA | Leave a comment »