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The Inflation Reduction Act (and the one change) explained

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Democrats are still on track to have their massive bill passed though courtesy of the Senate rules arbiter one small piece of that legislation must go. According to the AP, Elizabeth Macdonough (the arbiter) ultimately decided that Democrats remove language imposing hefty penalties on drugmakers that boost their prices beyond inflation in the private insurance market.

In parts of the bill, Democrats made clear that those particular pieces of the bill were the chief pricing protections that Democrats had hoped to kick off for more than 180m people. Those protections would’ve proved beneficial considering the sheer average cost of healthcare in the United States and the fact that it is still rising. Everything else in the bill including the power to negotiate drug prices for Medicare 64m recipients remains a piece of the hallmark legislation.

Democrats began the initial stage of their marathon reconciliation process to pass the bill Saturday afternoon.

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