Washington Update: Inflation Reduction Act Signed Into Law
By Miranda Franco, Senior Policy Advisor with Holland & Knight LLP President Joe Biden signed the Inflation Reduction Act (Public Law No. 117- 169) into law on August 16, 2022. The Act includes prescription drug pricing reform, caps out-of-pocket drug costs for Medicare beneficiaries, and extends the American Rescue Plan’s (ARP’s) increased Affordable Care Act advanced…