Senate Deal Includes Drug Pricing Reform and Extension of ACA Subsidies

On Wednesday July 27, 2022, Senate Majority Leader Chuck Schumer (D-NY) and Senator Joe Manchin (D-WV) reached a deal on The Inflation Reduction Act of 2022, which proposes to raise $739 billion in revenue to be invested in climate change and healthcare initiatives as well as reduce the deficit. Senate Democrats hope to vote on the bill this week, ahead of the August recess......
By: King & Spalding

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