The House voted 220-213 to pass the Build Back Better Act. The bill now heads to the Senate, where it is likely to be revised. The Senate is hoping for a vote before the end of the year, according to NBC News.
Six healthcare takeaways:
1. The legislation includes an extension of pandemic-era ACA subsidies. The subsidies have increased ACA enrollment by more than 2 million this year, according to CNBC. Under the bill, the enhanced premium subsidies would be extended through 2025.
2. The bill includes ACA premium subsidies for low-income Americans in the 12 states that have not expanded Medicaid.
3. The bill includes a provision to allow Medicare parts B and D to negotiate prices directly with manufacturers on certain drugs, according to NBC News.
4. The bill extends new hearing benefits to Medicare beneficiaries, including coverage of a new hearing aid every five years.
5. The bill includes a $35 cap on monthly insulin expenses under Medicare and a $2,000 per-year cap on out-of-pocket prescription drug costs, according to CNBC.
6. The package includes four weeks of federal paid family and medical leave.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
