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Illustration: Rebecca Zisser/Axios

Employers and their workers have hundreds of billions of dollars at stake in the fight over House Democrats' drug pricing bill, according to a new West Health Policy Center analysis.

Why it matters: If anyone has the political clout to take on the drug industry, it's employers.

By the numbers: The House bill could reduce employer health spending by $195 billion between 2023 and 2029, West Health estimates, noting that this is a conservative scenario.

  • Employees could save $61 billion through lower premiums and out-of-pocket costs.
  • Affordable Care Act market costs could fall by $58 billion.

Details: The bill would allow Medicare to negotiate the prices of some drugs, tie those prices to what other countries pay, and make those prices available in the commercial market. 

  • It would also limit drug price increases under Medicare and cap beneficiary out-of-pocket spending.
  • The price negotiation provisions of the bill would save the federal government hundreds of billions of dollars over a decade, the Congressional Budget Office has estimated.

Go deeper: Prescription drug price fight gets a funding infusion

Go deeper

1 hour ago - World

Biden: U.S. combat mission in Iraq will end this year

Biden returning to the White House on July 25. Photo: Samuel Corum/Getty Images

The United States' combat mission against the Islamic State in Iraq will be completed "by the end of the year," President Biden said Monday prior to a meeting with Iraqi Prime Minister Mustafa al-Kadhimi.

Why it matters: Biden is close to shifting the U.S. military mission in Iraq to a fully advisory role more than 18 years after combat troops were sent to the country under the former President George W. Bush.

How extreme weather feeds inflation

Illustration: Annelise Capossela/Axios

This summer's extreme weather is having ripple effects that could raise food prices in the U.S. and disrupt diets around the world.

Why it matters: Climate scientists and food supply experts, like those at the Food and Agriculture Organization (FAO) in Rome, have long warned about the impact of human-caused global warming on prices, food shortages and hunger.

EA Sports is in expansion mode

EA Sports general manager Daryl Holt (left). Photo illustration: Annelise Capossela/Axios. Photos: EA Sports

The biggest player in sports video games has plans to get even bigger — on mobile, in football, maybe even with basketball again — EA Sports general manager Daryl Holt said in an exclusive interview with Axios.

Why it matters: Sports gaming doesn’t get much press, but it’s a surging market with increased competition and lots of players up for grabs.