January 30, 2023

Rocky Daily News

Colorado Politics-Sports-Business-Weather

‘Inflation Reduction Act’ set for Senate vote Saturday

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The bill is broad, covering climate change, energy, health care costs and even deficit reduction as Democrats hope to secure a big win ahead of the midterms.

WASHINGTON — The Senate parliamentarian on Saturday dealt a blow to Democrats’ plan for curbing drug prices but left the rest of their sprawling economic bill largely intact as party leaders prepared for first votes on a package containing many of President Joe Biden’s top domestic goals.

Elizabeth MacDonough, the chamber’s nonpartisan rules arbiter, said lawmakers must remove language imposing hefty penalties on drugmakers that boost their prices beyond inflation in the private insurance market. Those were the bill’s chief pricing protections for the roughly 180…

2022-08-06 14:44:11

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