Insight on Inflation Reduction Act and Drug Pricing Legislation

The Inflation Reduction Act (IRA) includes provisions for drug pricing control, which is a significant concern for the healthcare industry. Unlike past bipartisan drug pricing legislation efforts, the IRA was passed without any Republican votes and incorporates complex structures. The act also covers elements like electric vehicle and renewable energy subsidies, but the focus for healthcare is primarily on the drug pricing controls, which has historically been managed through bipartisan efforts.