What will the Inflation Reduction Act actually accomplish?

It's either a 'big effing deal' or the start of a new rise in drug prices

Pharmaceutical drugs
(Image credit: Illustrated | Gettyimages)

At long last, it's time to Build Back Better — though not by that name. Over the weekend, the Senate passed the Inflation Reduction Act, a climate and health-care bill that finally got the backing of Sens. Joe Manchin (D-W.Va.) and Kyrsten Sinema (D-Ariz.), the two holdout Democrats who had long blocked the party from passing a much more expensive and expansive bill.

Gone from the final package: Provisions for free pre-kindergarten, paid family leave, and expanded dental and vision care under Medicare. Sen. Bernie Sanders (I-Vt.) was predictably unhappy, though he still voted for the final bill, which he said "goes nowhere near far enough" to help working families but is still "a step forward."

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