Other benefits from the Inflation Reduction Act, Murray says, include help with health care costs by extending health care tax credits from last year’s COVID relief bill.
The bill will also cap all out-of-pocket drug costs to about $4,000 annually in 2024, then cap further costs at $2,000 in 2025. It also extends benefits of the Affordable Care Act subsidy for health insurance costs, which were scheduled to end this fall, for three years at the cost of approximately $64 billion.
She says it will help reduce greenhouse emissions by offering tax breaks and rebates on electric vehicles, rooftop solar, and more. . The bill would reauthorize user-fee programs for prescription and generic drugs, medical devices, and other products, as well as improve oversight of these products.
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