The Inflation Reduction Act, as our readers know, will hit biotech innovation hard, making R&D less attractive and ultimately leading to fewer treatments. However, as Bio.News reports today, there are silver linings—especially with regards to vaccine availability under Medicare and Medicaid.
The Inflation Reduction Act contains two important bills related to vaccine access: the Helping Adults Protect Immunity (HAPI) Act and the Protecting Seniors Through Immunization Act, which have long been supported by the Biotechnology Innovation Organization (BIO) and partners including the Adult Vaccine Access Coalition (AVAC) and Vaccinate Your Family.
The Helping Adults Protect Immunity (HAPI) Act will ensure “all adults on Medicaid can access vaccines recommended by the Advisory Committee on Immunization Practices (ACIP) at no out-of-pocket cost,” said Sen. Sherrod Brown (D-OH). The bill “would create parity in vaccine coverage between traditional Medicaid and Medicaid expansion programs. The bill would also provide enhanced federal matching funds for states to better reach at-risk and vulnerable patient populations.”
The Protecting Seniors Through Immunization Act mirrors the HAPI Act’s expansion of vaccine access under Medicare for seniors, creating parity in the Medicare program and eliminating all cost sharing for seniors, explains Bio.News.
Why it matters: Low vaccination rates are expensive and strain health systems—and vaccine-preventable conditions add over $8.3 billion to the health system, according to AVAC. COVID-19 exacerbated the problem.
While the legislation’s long-term impacts on R&D and new cures will be severe, these provisions are nonetheless a win for patients’ access to existing vaccines—read more on Bio.News.
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