Congress ended a busy work period after passing the Inflation Reduction Act (IRA) last week. This Holland & Knight alert summarizes the healthcare provisions in the IRA and provides an.
for example, we might even have higher drug prices come out of this sort of as an incentive from this policy that i can talk more about. so i think that the overall effects are really quite mixed at this point in time. certainly older people perhaps who are on very expensive medications, you know, like for m.s. or cancer medications, things like that, will that be helping them a lot here? you know, it is a great point. i think the out of pocket cap will definitely help those patients. they have a lot of drug spending. and so it will help them with their costs and access to medications. in terms of overall drug spending though and innovation in particular which i think is the big issue here, how is that going to effect future drugs for patients, that is i think a big question to be answered. and we keep talking about the caps and certainly one of the most significant ones is capping the amgtount diabetics enrolledn
don t look down. don t make any sudden moves. because we are almost at the end of a legislative tightrope, y all. senators are putting in some extra hours this weekend. they re working to get democrats, health care, climate, and deficit reduction package across the finish line. the parliamentarian approved key components of the bill just hours ahead of when the senate is expected to debate it on the floor. it will take all 50 democratic votes and a tie breaker from vice president harris for the inflation reduction act to pass the senate. what does that mean to you? it means medicare can negotiate prescription drug costs. with an out of pocket cap at $2,000 for seniors. it means lower aca health
it at this point? well good morning. look, there is say lot of good elements in this legislation. certainly the price negotiation for medicare is going to help 62 million seniors across the country, 1.2 million in new jersey. it includes provisions on out of pocket cap that i authored and a smoothing provisions that i also authored. that is good. the extension of the assistance under the affordable care act that i helped author for three years is good. the climate provisions are good. but of course, we have to see a couple of things. number one, what is the parliamentarians final word, what does this package look like at the end. secondly, if there are changes by anyone else, then obviously i want to see what those changes are. and lastly, when we get to the process of the vote-a-rama, i
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On April 28, 2021, President Biden gave his first address to Congress and announced the American Families Plan (AFP or the Act). The AFP follows the 1.9 trillion-dollar stimulus, the American Rescue Plan Act, signed into law on March 11, 2021. The AFP seeks to invest approximately 1.8 trillion dollars in various issues facing families, including childcare, pre-school, paid family leave, Affordable Care Act (ACA) premium tax cuts, nutrition support, and free community college. According to the White House’s Fact Sheet on the AFP (Fact Sheet), the AFP “is an investment in our children and our families helping families cover the basic expenses that so many struggle with now, lowering health insurance premiums, and continuing the American Rescue Plan’s historic reductions in child poverty.” This blog post discusses the health-related portions of the AFP and provides an overview of the Lower Drug Costs Now Act, which