LogFAQs > #967125816

Inflation Reduction Act Update:

It has mostly survived the parliamentarian. Only provision that seems to have been thrown out for sure was a provision that would require pharmaceutical companies to pay the government if they raised prices beyond rate of inflation. Parliamentarian said it was fine for Medicare but tossed the part that applied ti to private insurance as well.

Medicare being able to negotiate prices is in, and a $35 cap on insulin for Medicare is in. I've heard conflicting reports on $35 cap on insulin for private insurance though. Best I can tell is we don't have a ruling on it so we can expect some GOP asshole to object to it and get us a ruling in real-time. Based on how they split the decision on the above provision I feel like they might similarly rule it out for private insurance here too. If so, I imagine Dems will (and they absolutely should) call a vote (needing 60) to put it back in to get them on the record. Climate provisions appear to have sailed through as well.

Vote-a-rama (the price of a reconciliation bill being that literally any Senator can propose amendments to be voted on until they're literally out of ideas) strategy from Dems appears to be to just vote down any amendment regardless of policy because this deal is basically a massive jenga tower that could fall apart because Manchin, Sinema, or whoever might pull support if we god forbid put more good stuff in here. Senators from Markey to Manchin himself have gone on the record saying they're just going to blanket vote down any amendment regardless of policy to preserve the deal as-is. By contrast, Sanders says he'll still offer amendments so prepare to see a lot of good stuff voted down because of the above.

Motion to proceed has passed 51-50 (Harris tiebreaker) and the marathon has begun and will likely continue all the way through the night.