Why Biden's Medicare drug price breakthrough is a 'BFD'

Everything you need to know about the biggest changes to U.S. health policy since the Affordable Care Act

A pill bottle.
(Image credit: Illustrated | Getty Images)

"President Biden is on the verge of his own crowning health-care achievement to call, in his words, a BFD," Rachel Cohrs writes at Stat News, nodding to Biden's sotto voce assessment to then-President Barack Obama that passing the Affordable Care Act was a "big f---ing deal."

As soon as the House passes the Inflation Reduction Act (IRA) and Biden signs it, Democrats will have set in motion the most significant changes to U.S. health policy since Obama's ACA BFD in 2010, with a specific goal of lowering drug costs for Medicares's 64 million beneficiaries. Here's how the IRA aims to bring down health care costs for seniors:

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us