Breaking Down The Inflation Reduction Act’s Impact On Healthcare And Climate

NBC News published this video item, entitled “Breaking Down The Inflation Reduction Act’s Impact On Healthcare And Climate” – below is their description.

President Biden signed the Inflation Reduction Act that will spend hundreds of billions of dollars on climate change and accomplishes a long-held goal of by many Democrats of letting Medicare negotiate drug prices. NBC News’ Joshua Johnson is joined by a member of the White House Council of Economic Advisors, Jared Bernstein, to break down the details of the legislation and what to expect moving forward. 

NBC News YouTube Channel

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About This Source - NBC News

NBC News is the news division of the American broadcast television network NBC.

NBC News aired the first, regularly scheduled news program in American broadcast television history on February 21, 1940.

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Climate Change is the name commonly given to the notion that the Earth is undergoing a changing climate as a result of human activity, including notable leaders, scientists and naturalists including Sir David Attenborough.

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“Democrats” usually refers to the The Democratic Party of the United States – one of the two major political parties in the country, along with its main, historic rival, the Republican Party.

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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The National Broadcasting Company is an American English-language commercial broadcast television and radio network which is the flagship property of and owned by Comcast. The network is headquartered at 30 Rockefeller Plaza in New York City, with additional major offices near Los Angeles, and Chicago.

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