Health Care and Tax Reforms: A $433 Billion Package

This chapter analyzes a $433 billion spending package, which aims to generate $739 billion in revenue, focusing on significant healthcare reforms. Key provisions include allowing Medicare to negotiate drug prices, capping out-of-pocket medical expenses for patients, and implementing minimum tax rates for wealthy corporations. The chapter also addresses the shift from Biden's expansive Build Back Better plan to a more limited legislative agenda, highlighting political influences and challenges in the reconciliation process.