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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBiden to sign massive climate and health care legislation
KIAWAH ISLAND, S.C. (AP) President Joe Biden will sign Democrats landmark climate change and health care bill on Tuesday, delivering what he has called the final piece of his pared-down domestic agenda, as he aims to boost his partys standing with voters less than three months before the midterm elections.
The legislation includes the most substantial federal investment in history to fight climate change some $375 billion over the decade and would cap prescription drug costs at $2,000 out-of-pocket annually for Medicare recipients. It also would help an estimated 13 million Americans pay for health care insurance by extending subsidies provided during the coronavirus pandemic.
The measure is paid for by new taxes on large companies and stepped-up IRS enforcement of wealthy individuals and entities, with additional funds going to reduce the federal deficit.
The House on Friday approved the measure on a party-line 220-207 vote. It passed the Senate days earlier with Vice President Kamala Harris breaking a 50-50 tie in that chamber.
https://apnews.com/article/inflation-biden-health-climate-and-environment-9a7f349fa7b07387d20ad603f2ff4875
LetMyPeopleVote
(145,264 posts)MiniMe
(21,716 posts)Hortensis
(58,785 posts)Next year at least the $35/month insulin cap goes into effect. Lots of starts.
MiniMe
(21,716 posts)Well, the $35 insulin is good, but my housemate was just prescribed Eliquis which is expensive as hell. I was hoping that it would start in 2023. By putting it off until 2025, a lot of th e users of the expensive meds will have died. Ugh.
Hortensis
(58,785 posts)ACA premium tax credit. That'll help millions. There's other stuff designed to lower costs for people, and some of it will start up as fast as next January.
I take it she's not on Medicare yet since Medicare does cover it, but our friend has to have it; warfarin doesn't work. It might be worth it for her to change to an insurance plan that covers it since it is so horribly expensive. I don't expect to see any of my drugs on the short list of drugs in this foot-in-door bill, but my doctors know better than to prescribe anything but 40-year-old miracle drugs. Knock wood for me and best wishes for her.
Addendum: Just heard that 73% support negotiating Medicare drug prices, 11% oppose, so maybe people will be demanding to know why prices of the drugs they're on aren't going down.
MiniMe
(21,716 posts)They suggest other blood thinners instead. And Medicare doesn't pay for drugs, that is Medicare Part D that you have to have a separate policy for. I'm lucky, I was on Eliquis before I had to choose a part D. My policy will pay for it after I his the deductible amount which I will do quickly. Housemates part D wants to argue about it. But I still have to pay a HUGE amount for the deductible for 2023 and 2024 before the $2K goes into effect in 2025. That's why it sucks. Happy that it will put a cap on the cost, but it is over 2 years before it does.
Hortensis
(58,785 posts)I guess like our friend you really need it. I'm sorry the cost, and now the 2 year delay for help to kick in, is a personal hit. We know what that's like. Sucks all right.