Staff Contact: Andrew Wheeler
Last week, the U.S. House of Representatives passed a $1.75 trillion package called the Build Back Better Act. The bill includes several health care initiatives, including temporary expansion of Marketplace subsidies, expanding Medicare benefits, phasing out the temporary increase to the federal medical assistance percentage and increasing the number of Medicare-funded residency slots. The bill includes additional health spending of $401 billion with savings of $314 billion due to changes in prescription drug rebates, pricing and inflation rebates. MHA published an issue brief with additional details about the cost of the major health care-related sections.