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Pelosi moves health, climate bill to Biden's desk

13 August 2022
24581
2022-08-13 11:01

House Speaker Nancy Pelosi has enrolled the climate, tax and health legislation with her signature after the House gave it final approval 220-207, moving the bill to President Joe Biden's desk.
The White House said the president will sign the bill next week. The legislation is but a shadow of the larger, more ambitious plan to supercharge environment and social programs that Biden and his party envisioned early last year.
Medicare beneficiaries' out-of-pocket prescription costs would be limited to $2,000 starting in 2025, and beginning next year would pay no more than $35 monthly for insulin, the costly diabetes drug.
The bill would raise around $740 billion in revenue over the decade, over a third from government savings from lower drug prices. About $300 billion would remain to defray budget deficits, a sliver of the period's projected $16 trillion total.

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