Meanwhile, Democrats on Congress’s Joint Economic Committee released an analysisfocused largely on how a repeal of the IRA could drive up drug prices and health care costs. The new law includes a host of health care reforms, such as allowing Medicare to negotiate drug prices and also an extension of health insurance subsidies first implemented by Obamacare.
“Simply put, Republicans are making a commitment to America to raise costs for families,” Rep. Don Beyer (D-VA), the chairman of the committee, told reporters. He added that the GOP plan, “beyond repealing the Inflation Reduction act, has almost no policy specifics.”
