Article Summary – The Inflation Reduction Act (IRA) is expected to change how Medicare negotiates drug prices, projecting savings of around $300 billion in Medicare drug costs over the next decade. However, this may cause a reduction in revenues for the biopharma industry, totaling about $75 billion due to strict
Article Summary – The Inflation Reduction Act of 2022 has extended the elimination of the “subsidy cliff” in Obamacare through 2025, enabling middle-income Americans to afford health insurance more easily. The act has restructured the system, allowing those with incomes at or above 400% of the Federal Poverty Level to
Article Summary – The New York Public Service Commission is considering recommendations by the New York State Energy Research and Development Authority (NYSERDA) to use existing NY-Sun Program funding to exceed the state’s current 10-gigawatt solar generation goal. NYSERDA’s report suggests using $75 million of a projected $421 million budget
Article Summary – The US House of Representatives has passed the Inflation Reduction Act, poised to reshape American economy and environmental policy, and now awaits President Joe Biden’s signature. Designed to generate $737 billion in new revenue through tax and health care savings, the Act plans to invest $437 billion
Article Summary – During a visit to Pittsburgh’s West Penn Hospital, Treasury Secretary Janet Yellen praised the Biden administration’s actions to improve healthcare and grow the economy. Yellen emphasized the administration’s efforts to make healthcare more affordable, including expanding tax credits for families paying healthcare premiums through the 2021 American
