Biden Announces Health Care Proposals on Medicaid, Medicare Anniversaries
President Biden emphasized the provisions on health care in the health, climate and tax package that is set for a Senate vote in a statement recognizing the 57th anniversaries of the creation of Medicare and Medicaid.
Biden said in the statement that the legislation, called the Inflation Reduction Act, will maintain the eligibility improvements to the Affordable Care Act that were included in the American Rescue Plan, which saved 13 million Americans an average of $800 per year on health insurance premiums, according to the statement. He said the act will also protect 3 million Americans from becoming uninsured.
Manchin (D-W.Va.) and Senate Majority Leader Charles Schumer (D-N.Y.) reached an agreement Wednesday on a bill that would allow Medicare to directly negotiate drug prices and cap out-of-pocket prescription drug costs at $2,000 per year. It would also invest $369 billion in climate programs over 10 years and $300 billion in deficit reduction.
