The Inflation Reduction Act is set to be one of the most significant pieces of legislation passed in terms of health care.
The Inflation Reduction Act was signed into law on Tuesday by President Joe Biden.
It is one of the most important pieces of health care legislation since the Affordable Care Act, over 10 years ago.
Throughout the signing ceremony, Biden told Democratic Congress members and his administration officials that “with this law the American people won, and the special interest lost.”
He also added that “people doubted whether any of that was going to happen, but we are in a season of substance.”
The legislation will invest $750 billion in climate matters, health care and taxes.
Biden stated the bill would “allow us to boldly take the steps towards meeting all my climate goals, the ones we set out and the ones we ran”.
