The Build Back Better Act's drug inflation rebate provision would reduce premiums by $3 billion (0.4%) in 2023 and $21 billion (1.7%) in 2031. (Photo: Shutterstock)
A new analysis estimates that introducing inflation rebates on most prescription drugs — a provision of the Build Back Better Act, which was passed in November by the U.S. House of Representatives — would lower employers' health insurance premiums by $111 billion over the next decade.
Researchers at the nonprofit Urban Institute said that "limiting annual increases in drug prices through inflation rebates improves access to regular care and affordability, while generating billions of dollars in savings for the federal government and private insurers."
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