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From lower prescription costs to cleaner power, here’s what the federal ‘Inflation Reduction Act’ means for Maryland

August 12, 2022

A landmark federal climate and health bill making its way to the finish line includes everything from a cap on Medicare patients’ costs for insulin to tax credits for manufacturing solar panels and support for offshore wind power. The U.S. House of Representatives is poised to pass the $740 billion package Friday, after the Senate approved it along party lines earlier this week. “It’s been a long and winding road, but the Inflation Reduction Act is almost at the White House door,” U.S. Sen. Chris Van Hollen of Maryland said Thursday in Baltimore.

Article Source: Baltimore Sun

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