Medicare Enters the Pharmaceutical Purchasing Business - David Cutler

September 1, 2022, Paper: "The recently passed Inflation Reduction Act made fundamental changes to federal health and climate policy. The law was unexpected and unusually broad. Barely a week before the Senate passed the bill, there was no sign of pending legislation. Three weeks later, the bill was signed into law. Some parts of the legislation were expected in any budget deal, including extending the enhanced subsidies for the Affordable Care Act’s marketplaces, first enacted as part of the American Rescue Plan Act of 2021. The enhanced subsidies are now in place through 2025 and may well become permanent."

HKS Faculty Author - David Cutler