The Latest Breaking News from Medicare

Inflation Reduction Act will reduce planet-heating emissions and lower prescription drug costs – and give Biden a crucial victory. Plus, meet Casper the ghostly octopus

In a statement after the Senate passed the roughly $700 billion bill, the president said "doing the important thing almost always" requires compromises.

WASHINGTON — Senate Democrats on Sunday passed a sweeping health care, tax and climate change bill that will allow Medicare to negotiate prescription drug costs — a significant political win as the party tries to send a message before the midterm election that it is delivering on its promises.

The estimated $740 billion package heads next to the House, where lawmakers are poised to deliver on Biden’s priorities.

The legislation – which would be the largest investment yet in combating the climate crisis – now heads to the House of Representatives.

Inflation Reduction Act will reduce planet-heating emissions and lower prescription drug costs – and give Biden a crucial victory

The $35 price cap on insulin was removed by GOP senators for users of private insurance, but remains for Medicare

Seven Republicans voted with Democrats to keep the insulin cap, but it wasn't enough to overcome the 60-vote threshold.

After a year of negotiations, impasses and political maneuvering, the Senate passed Democrats' top domestic priority.