A historically large federal investment towards combating climate change, extending health care subsidies, and capping prescription drug costs are just some of the items in the Inflation Reduction Act (IRA), which was signed into law by President Joe Biden Tuesday, following its passage along party lines in both the Senate (51-50) and House (220-207).
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Senate Democrats Pass Extended Health Insurance Subsidies For Millions of Americans
The Inflation Reduction Act, which critically includes a set of extensions towards health care subsidies put in place in 2021 to 2022 under the Affordable Care Act (ACA), was passed by the Senate last Sunday, with no support from Senator Ron Johnson or his Republican colleagues.