The Inflation Reduction Act will deliver change for families, the environment, and the economy. Here’s what made it into the final bill:

• Making prescription drugs more affordable: The bill removes an unfair legal prohibition that has long prevented Medicare from negotiating lower drug prices which has driven them sky-high. It will also penalize drug companies that raise prices faster than the rate of inflation and place a cap on Medicare recipients’ out-of-pocket prescription drug costs at $2,000 each year. It’s estimated that the government will raise $300 billion by reining in drug prices.

• Extending subsidies for people who buy their own insurance: The bill lowers health care premiums by extending financial assistance for ACA plans under the American Rescue plan for three years. It’s estimated that 9 million Americans would have been paying significantly higher premiums, and more than 3 million people would have become uninsured altogether, without this provision.

• Making sure corporations pay their fair share: A 15% corporate profits minimum tax so wealthy corporations don’t get away with paying $0 in federal income taxes on billions of dollars in profits. It’s estimated that this tax will raise about $450 billion dollars and reduce the deficit.

• Taking decisive action on the climate crisis: Invest $370 billion into energy and climate which would allow the U.S. to lower greenhouse gas emissions by 40%, an incredibly meaningful step in combating climate change.