Skip to main content
Monthly Archives

February 2024

NEW REPORT: In 2023, Greedy Drug Companies Raked in $684 Billion and Spent $106 Billion Rewarding Shareholders

Big Drug Companies and Their MAGA Republican Allies Are Putting Profits Over Patients Detailed in New Report.

Read the Full Report Here.

Washington, D.C. — Protect Our Care is releasing a new report detailing pharmaceutical companies’ sky-high revenues as they continue charging unaffordable prices to patients. The report found that in 2023, 16 of the largest drug companies raked in $684 billion, and they spent $106 billion rewarding shareholders. For too long, drug companies have been allowed to charge whatever they want, gouging patients to the point that more than 1 in 3 Americans report cutting pills or skipping doses because they can’t afford their medication.

“Drug companies’ greed is only getting worse,” said Protect Our Care Chair Leslie Dach. “Our nation’s seniors are depending on the savings from the Inflation Reduction Act so they don’t have to choose between filling their prescription and filling their refrigerator. In the richest country in the world, no one should be cutting pills or skipping doses. It is reprehensible that big drug companies and MAGA Republicans continue to put profits over people as they work to block negotiations in court and gut the program in Congress.

Many of the drugmakers highlighted in the report are the same companies in court now to stop Medicare’s ability to negotiate lower drug prices under the Inflation Reduction Act. Drug companies have also been working behind the scenes with Republican lawmakers to repeal all of the Inflation Reduction Act’s provisions to make prescription drugs more affordable for millions of seniors. Big drug companies claim that the new law to make drugs more affordable will harm patients, but in reality, they’re telling investors the opposite and spending billions on rewarding their investors through stock buybacks and dividends, paying their executives millions, and spending millions lobbying to keep their prices high.

Key Points:

  • We followed the 2023 earnings reports of 16 drug companies.
  • These 16 companies reported $684.1 billion in total global revenue and have announced dividend payments and stock buybacks totaling $105.9 billion.
  • The seven publicly held companies currently suing to ban Medicare from negotiating lower drug prices reported $343 billion in revenue. Those same companies reported shareholder compensation in the form of stock buybacks and dividends totaling $53 billion.

INVITE: Join Protect Our Care, Former Solicitor General Don Verilli, and Other Experts for “Protect Our Care in the Courts”

 ***MEDIA ADVISORY FOR TUESDAY, MARCH 12 AT 9:00 AM***

Washington, D.C. — On Tuesday, March 12, 2024, at 9 AM ET, Protect Our Care will be joined by Former Solicitor General of the United States Don Verilli and leading legal, economic, and health experts for an in-depth discussion of three key legal battles that threaten Americans’ health care. This event is designed to provide timely and relevant information of use to congressional staff, health care advocates and providers, journalists, and other interested parties.  

Ultra-conservative groups and big drug companies are suing to block Americans’ access to quality, affordable health care. Ongoing litigation threatens to repeal the Affordable Care Act requirement that insurers cover preventive services without cost sharing, to block Medicare from negotiating lower drug prices, and to throw our drug approval system into chaos by overturning the FDA’s approvals of mifepristone. 

Panel conversations will focus on the following cases:

  • Threats to Preventive Care (Braidwood v. Becerra)
    This panel will explore the health care at risk if the ACA’s free preventive services requirement is struck down as this case makes its way through the 5th Circuit Court of Appeals and beyond.
  • Threats to Lower Prescription Drug Costs
    This panel will explore the cases seeking to overturn the Medicare Drug Price Negotiation Program, putting lower prescription drug costs at risk for seniors, and the broader implications it has for lowering drug costs for all Americans.
  • Threats to Reproductive Health Care and the Drug Approval System (Alliance for Hippocratic Medicine v. FDA)
    This panel will explore the implications of opening the door for the politically motivated destruction of the FDA’s drug approval process as the Supreme Court prepares to hear the case seeking to ban mifepristone.

EVENT:

WHO:
Emcee: Leslie Dach, Chair, Protect Our Care
Keynote Speaker: Don Verrilli, former Solicitor General of the United States

Threats to Preventive Care Panelists:
Georges Benjamin, Executive Director, American Public Health Association
Gretchen Borchelt, Vice President for Reproductive Rights and Health, National Women’s Law Center
Andrew Pincus, Visiting Lecturer in Law at Yale Law School and experienced Supreme Court and appellate lawyer
Mary Rouvelas, Managing Counsel and Legal Advocacy Director, American Cancer Society Cancer Action Network
Moderator: Joi Chaney, Policy and Health Equity Senior Advisor, Protect Our Care

Threats to Lower Prescription Drug Costs Panelists:
Gerard Anderson, Professor of health policy and management, Johns Hopkins University Bloomberg School of Public Health
Zachary Baron, Director of the Health Policy and the Law Initiative, O’Neill Institute for National & Global Health Law
Christine Petrin, Board Chair, Doctors for America
Moderator: Andrea Harris, Director of Policy Programs, Protect Our Care

Threats to Reproductive Health Care and the Drug Approval System Panelists:
Carrie Flaxman, Senior Advisor, Democracy Forward
Jocelyn Frye
, President, National Partnership for Women & Families
William Schultz, Partner, Zuckerman Spaeder, former General Counsel, Department of Health and Human Services
Moderator: Yvette Fontenot, Policy and Legislative Affairs Senior Advisor, Protect Our Care

WHAT: Conference with Q&A

WHERE: U.S. Capitol Visitor Center, SVC 215, First St SE, Washington, DC 20515 or Virtual

WHEN: Tuesday, March 12, 2024, 9 AM – 12 PM ET, Doors will open at 8:30 AM

RSVP: RSVP Here

CMS Administrator Chiquita Brooks-LaSure Joins Protect Our Care and NAACP in Fireside Chat to Mark Black History Month

 ***MEDIA ADVISORY FOR THURSDAY, FEBRUARY 29 AT 11:30 AM***

Event Will Underscore How the Biden-Harris Administration Is Leading the Charge in Prioritizing Health Care and Good Health Outcomes for Black Americans

Washington, D.C. — On February 29, 2024 at 11:30 AM, Protect Our Care and NAACP, in partnership with NAACP’s Howard University Chapter, the Howard University Graduate Student Assembly, and the Howard University Graduate Student Council is hosting a fireside chat with Centers for Medicare & Medicaid Services (CMS) Administrator Chiquita Brooks-LaSure on improving health outcomes for Black Americans. 

Appointed by President Biden, Administrator Brooks-LaSure is the first African American to lead the Agency. CMS manages Medicare, Medicaid, the Children’s Health Insurance Program and other key programs, making it the largest provider of health coverage in the United States. Under her leadership, the agency has built on the success of the Affordable Care Act and implemented the Inflation Reduction Act to make health insurance and prescription drugs more affordable for millions of Black families. Through enhanced premium savings, more than 65 percent of uninsured Black adults have become eligible for zero-dollar premium plans. The Center on Budget Policy and Priorities estimates these increased savings will cause a sharp decline in the uninsured rate across every racial group, with a projected one in three uninsured Black adults gaining coverage. Additionally, the Biden-Harris administration is fighting the maternal health crisis by expanding Medicaid coverage for new mothers to one year postpartum, awarding millions of dollars to create a maternal mental health task force, and other programs.

This event presents an opportunity to learn more about efforts of the Biden-Harris Administration to protect the health of Black Americans and address racial health disparities for Black Americans at every stage of their lives. 

EVENT:

WHO:
Chiquita Brooks-LaSure, Administrator, Centers for Medicare & Medicaid Services
Joi Chaney, Senior Health Equity Advisor, Protect Our Care
Leslie Dach, Chair, Protect Our Care
Andrea Hayes Dixon M.D., FACS, FAAO, Dean and Vice President of Clinical Affairs, Howard University, College of Medicine
Jasmine Rivera, President, NAACP Howard University Chapter

WHAT: Event and Media Availability

WHERE: Howard University College of Medicine, Auditorium on 3rd Floor, 520 W St NW, Washington, D.C. 

WHEN: Thursday, February 29, 2024 at 11:30 AM

RSVP: Media should RSVP to [email protected]. Students and members of the public should RSVP via https://www.protectourcare.org/howard/

New Estimates Find That Medicare Negotiations Will Lower Drug Prices By Thousands of Dollars Every Year, Finally Limiting the Power of Big Drug Companies

Thanks to President Biden and Democrats in Congress, Medicare is currently negotiating lower prices for the costliest prescription drugs. Lower prices for the first 10 drugs selected for negotiation will take effect in 2026, and by 2030, up to 80 drugs will have lower negotiated prices. A new report by the Center for American Progress estimated prices for the drugs currently undergoing price negotiations with Medicare, finding price reductions will be as high as nearly $80,000 for some drugs. Even as they make billions of dollars in revenue, big drug companies are suing in court to protect their sky-high profits by blocking the Medicare negotiation program so they can continue to charge patients unaffordable prices. Republicans in Congress have introduced legislation to repeal not only the negotiation program, but also the new $2,000 out-of-pocket cap on Medicare prescription drug costs, which takes effect in 2025. 

Estimated Savings For Patients Taking The First 10 Drugs Subject to Medicare Negotiation

  • Medicare negotiation will cut the price of an annual supply of Eliquis by approximately $1,488. More than 3.5 million Medicare Part D patients take the blood clot drug produced by Bristol Myers Squibb and Pfizer, which charge U.S. patients 3–7 times more than patients in other high income countries like Switzerland and Australia. The companies have spent a combined $101 billion on stock buybacks to reward investors and have reported a combined $106 billion in sales from Eliquis since launching the drug.
  • Medicare negotiation will cut the price of an annual supply of Enbrel by approximately $30,912. Nearly 50,000 Medicare Part D patients take the rheumatoid arthritis, psoriasis, and psoriatic arthritis drug produced by Amgen, which charges U.S. patients 4–13 times more than patients in other high income countries like Switzerland and Japan. Amgen paid its CEO over $21 million last year and has spent $89 billion on stock buybacks to reward investors since launching the drug. The company has reported over $84 billion in sales from Enbrel.
  • Medicare negotiation will cut the price of an annual supply of Entresto by approximately $3,444. 521,000 Medicare Part D patients take the heart failure drug produced by Novartis, which charges U.S. patients 3–9.5 times more than patients in other high income countries like Switzerland and Japan. Novartis gave its CEO a 21 percent raise last year and has spent over $44 billion on stock buybacks to reward investors since launching the drug. The company has reported over $20 billion in sales from Entresto.
  • Medicare negotiation will cut the price of an annual supply of Farxiga by approximately $1,992. Nearly 640,000 Medicare Part D patients take the diabetes, heart failure, and chronic kidney disease drug produced by AstraZeneca, which charges U.S. patients 7–15 times more than patients in other high income countries like Switzerland and Australia. AstraZeneca paid its CEO over $21 million last year, making him the highest-paid pharma CEO in Europe, and has spent nearly $35 billion on stock buybacks to reward investors since launching the drug. The company has reported nearly $21 billion in sales from Farxiga.
  • Medicare negotiation will cut the price of an annual supply of Fiasp/NovoLog by approximately $360. 763,000 Medicare Part D patients take the diabetes drug produced by Novo Nordisk, which charges U.S. patients 7–17.5 times more than patients in other high income countries like Switzerland and Australia. Novo Nordisk gave its CEO a 13 percent raise (around $10 million) last year and has spent $36 billion on stock buybacks to reward investors since launching the drug. The company has reported nearly $44 billion in sales from Fiasp/NovoLog formulations.
  • Medicare negotiation will cut the price of an annual supply of Imbruvica by approximately $78,576. Over 20,000 Medicare Part D patients take the blood cancer drug produced by AbbVie and Johnson & Johnson, which charge U.S. patients 1.5–5 times more than patients in other high income countries like Switzerland and Australia. The companies have spent a combined $91.2 billion on stock buybacks to reward investors and have reported a combined $58.5 billion in sales from Imbruvica since launching the drug.
  • Medicare negotiation will cut the price of an annual supply of Januvia by approximately $1,644. 885,000 Medicare Part D patients take the type 2 diabetes drug produced by Merck, which charges U.S. patients 5–20 times more than patients in other high income countries like Canada and Germany. Merck paid its CEO $52 million in total compensation in 2022 and has spent nearly $53 billion on stock buybacks to reward investors since launching the drug. The company has reported over $53 billion in sales from Januvia.
  • Medicare negotiation will cut the price of an annual supply of Jardiance by approximately $1,836. More than 1.3 million Medicare Part D patients take the type 2 diabetes drug produced by Boehringer Ingelheim and Eli Lilly, which charge U.S. patients 6–14 times more than patients in other high income countries like Switzerland and France. The companies have spent a combined $12.6 billion on stock buybacks to reward investors and have reported a combined $32.4 billion in sales from Jardiance since launching the drug.
  • Medicare negotiation will cut the price of an annual supply of Stelara by approximately $13,824. 20,000 Medicare Part D patients take the psoriasis, psoriatic arthritis, Crohn’s disease, and ulcerative colitis drug produced by Johnson & Johnson’s Janssen Pharmaceuticals. Johnson & Johnson charges U.S. patients 2–7.5 times more than patients in other high income countries like Germany and Australia. Johnson & Johnson paid its CEO over $13 million in 2022 and has spent $78.2 billion on stock buybacks to reward investors since launching the drug. The company has reported over $64 billion in sales from Stelara.
  • Medicare negotiation will cut the price of an annual supply of Xarelto by approximately $1,416. More than 1.3 million Medicare Part D patients take the blood clot drug produced by Johnson & Johnson and Bayer, which charge U.S. patients 3–8 times more than patients in other high income countries like Japan and Australia. The companies have spent a combined $54.8 billion on stock buybacks to reward investors and have reported a combined $64.3 billion in sales from Xarelto since launching the drug.

Dr. Meena Seshamani, Director of the Center for Medicare, to Join Seniors to Highlight Biden Administration’s Efforts to Bring Seniors Prescription Drug Savings

***MEDIA ADVISORY FOR FEBRUARY 22, 2024 AT 12:30PM PT// 3:30 PM EST***

The Inflation Reduction Act gave Medicare power to negotiate drug prices for the first time  

Los Angeles, CA – Dr. Meena Seshamani, MD, Ph.D., Deputy Administrator of the Centers for Medicare and Medicaid Services and Director of the Center for Medicare, will join Protect Our Care California and local seniors and advocates to discuss how Medicare negotiations will lower prescription drug costs for seniors in California. The Biden administration recently announced the next phase of the Medicare Drug Price Negotiation program, a step which will lower prices for some of the highest-cost prescription drugs that seniors rely on to treat conditions like cancer, diabetes, and autoimmune disorders – conditions that disproportionately impact women, communities of color, and people in rural areas. Speakers will explain what this means for seniors in California and how lowering the cost of health care and prescription drugs remain central to the Inflation Reduction Act’s popularity, and the importance of protecting these policies. 

Speakers will also highlight all of the new cost-saving benefits for seniors in the Inflation Reduction Act, including: 

  • Medicare negotiation for lower drug prices 
  • A $35 monthly copay cap on insulin 
  • Free shingles and other essential vaccinations
  • $2,000 out-of-pocket caps on prescription drugs beginning in 2025

This event comes as drug companies and their allies are trying to derail health care policies that will bring down costs. Pharmaceutical companies are suing the federal government to protect their massive profits by halting the Medicare negotiation provision while their Congressional allies are attempting to repeal it. President Biden and his administration are already working to expand these cost savings to more Americans, and hold Big Pharma accountable. If opponents of the Affordable Care Act get their way, they would throw millions of people off of Medicaid, keep drug costs high for seniors, and make health care coverage more expensive for families purchasing coverage on their own through the Affordable Care Act. 

WHO: Dr. Meena Seshamani, MD, Ph.D., Director of the Center for Medicare
U.S. Representative Judy Chu
Dr. Jerry Abraham
Representative from California Alliance for Retired Americans
Nicole Serrano, Protect Our Care California

WHEN: Thursday, February 22, 2024 at 12:30 PM PT // 3:30 PM EST

WHERE: Plummer Park Community Center, Art Room 2, 7377 Santa Monica Boulevard, West Hollywood, CA 90046

###

New KFF Polling Shows Broad Support for Protecting and Expanding ACA Amid Trump Threats

New KFF polling released today finds that health care is top of mind headed into the 2024 election. ACA popularity remains high at nearly 60 percent. At the same time, 50 percent of voters, including the majority of independents, support Democrats’ plans to expand the ACA. The new polling comes as Trump has doubled down on his threats to repeal the health care law, which would throw people off their coverage, drive up costs, and rip away protections for pre-existing conditions. Read key findings from KFF below: 

Health Care Affordability Remains Top Issue Headed Into November. “Inflation and health care affordability continue to be the top issues voters want the 2024 presidential candidates to talk about on the campaign trail, and while national news has recently emphasized an improving national economy alongside expanded consumer spending, most voters (67%) rate the national economy as ‘not so good’ or ‘poor.’ Voters’ assessment of the economy is largely influenced by their perceptions of their own costs, as majorities describe the economy negatively due to the cost of everyday expenses (64%), inflation (63%), the cost of housing (57%), or the cost of health care (48%).” [KFF, 2/21/24]

Just 16 Percent Of Voters Think Trump Has A Health Care Plan. “While Republican voters think President Trump has a better approach to determining the future of the ACA, many say they either don’t think he has a health care plan to replace the 2010 law or are unsure. A majority of voters, including seven in ten Republican voters, say they do not think President Trump has a health care plan to replace the ACA (42%) or that they are not sure if he has a plan (43%).” [KFF, 2/21/24

ACA Popularity Remains High As More Republicans View The Law Favorably. “The Affordable Care Act continues to be more popular than it was prior to Republican attempts to repeal it in 2017, with six in ten (59%) expressing a favorable view…However, views of the Affordable Care Act remain partisan with nearly nine in ten (87%) Democrats and about half (55%) of independents holding positive views of the law while two-thirds (67%) of Republicans view the law unfavorably. One-third (33%) of Republicans view the law favorably, a share that has increased since the law was enacted.” [KFF, 2/21/24]

Half Of Voters Want To Expand The ACA. “Building on the ACA has been a focal point of President Biden’s health care agenda, while former President Trump has recently discussed his desire to try again to repeal and replace the law. Half of the public say they would like to see the next president and Congress expand what the ACA does. A smaller share wants to keep the law as it is (16%) and about a third want to either scale back what the law does (14%) or repeal it entirely (18%).” [KFF, 2/21/24

A Majority Of Democrats And Independents Want To Expand The ACA. “Partisans differ on these approaches, with about three in four Democrats wanting the 2024 incoming administration and Congress to expand what the law does (77%), while two-thirds of Republicans want the law to be scaled back (23%) or repealed entirely (39%). A majority of independents want the law to be expanded (48%) or kept as it is (18%).” [KFF, 2/21/24]

Voters Want Protections For Pre-Existing Conditions To Remain Law. “These protections have been consistently popular among the public, and about two-thirds of adults say it is “very important” that provisions prohibiting insurance companies from denying coverage because of a person’s medical history (67%) and prohibiting insurance companies from charging sick people more (65%) remain law.” [KFF, 2/21/24]

PRESS CALL: Reps. Aguilar, Chu, and Kamlager-Dove to Join Protect Our Care CA to Highlight Record-Breaking Affordable Care Act Open Enrollment Numbers

***MEDIA ADVISORY FOR TUESDAY FEBRUARY 20 AT 10 AM PT // 1 PM ET***

Los Angeles, CA — On Tuesday, February 20 at 10 AM PT // 1 PM ET, U.S. Representatives Pete Aguilar (D-CA-33), Judy Chu (D-CA-28), and Sydney Kamlager-Dove (D-CA-37), and health care advocates will join Protect Our Care California to highlight record-breaking open enrollment numbers, including the 1.7 million Californians who have signed up for affordable coverage through the ACA. The Biden administration announced that 21.3 million people across the nation enrolled in coverage during the latest open enrollment period. These numbers are nearly double the number of people enrolled when President Biden took office and include more than 5 million new signups. 

Thanks to the Inflation Reduction Act’s reduction of health insurance premium costs, 80 percent of enrollees were able to find a health plan through the Marketplace for $10 or less per month. President Biden and Democrats in Congress are fighting tirelessly to extend these savings. 

As record numbers are relying on the ACA for affordable coverage, Donald Trump has fully reignited his war on health care. Speakers will call out how Trump’s plan to repeal the ACA would throw millions of Americans off their coverage, drive up costs, and dismantle vital protections for people with pre-existing conditions. 

PRESS CALL

WHO:
U.S. Representative Pete Aguilar (D-CA-33)
U.S. Representative Judy Chu (D-CA-28)

U.S. Representative Sydney Kamlager-Dove (D-CA-37)
Health care advocates

WHAT: Virtual Press Conference 

WHERE: Register for the Zoom Here [Registration required]

WHEN: Tuesday, February 20, 2024 at 10 AM PT // 1 PM ET

Join Us for “Protecting Our Care in the Courts”

Ultra-conservative groups and big drug companies are suing to block Americans’ access to quality, affordable health care. Ongoing litigation threatens to repeal the Affordable Care Act requirement that insurers cover preventive services without cost sharing, to block Medicare from negotiating lower drug prices, and to throw our drug approval system into chaos by overturning the FDA’s approvals of mifepristone.

Please join Protect Our Care with Former Solicitor General of the United States Don Verilli and leading legal, economic, and health experts for an in-depth discussion of three key legal battles that threaten Americans’ health care. This event is designed to provide timely and relevant information of use to congressional staff, health care advocates and providers, journalists, and other interested parties.

Date: Tuesday, March 12, 2024
Time: 9 AM – 12 PM ET, Doors will open at 8:30 AM – a light breakfast will be served
Location: SVC 215, U.S. Capitol Visitor Center

Panel conversations will focus on the following cases:

  • Threats to Preventive Care (Braidwood v. Becerra)
    This panel will explore the health care at risk if the ACA’s free preventive services requirement is struck down as this case makes its way through the 5th Circuit Court of Appeals and beyond.

    • Panelists:
      • Georges Benjamin, Executive Director, American Public Health Association
      • Gretchen Borchelt, Vice President for Reproductive Rights and Health, National Women’s Law Center
      • Andrew Pincus, Visiting Lecturer in Law at Yale Law School and experienced Supreme Court and appellate lawyer
      • Mary Rouvelas, Managing Counsel and Legal Advocacy Director, American Cancer Society Cancer Action Network
  • Threats to Lower Prescription Drug Costs
    This panel will explore the cases seeking to overturn the Medicare Drug Price Negotiation Program, putting lower prescription drug costs at risk for seniors, and the broader implications it has for lowering drug costs for all Americans.

    • Panelists:
      • Gerard Anderson, Professor of health policy and management, Johns Hopkins University Bloomberg School of Public Health
      • Zachary Baron, Director of the Health Policy and the Law Initiative, O’Neill Institute for National & Global Health Law
      • Christine Petrin, Board Chair, Doctors for America
  • Threats to Reproductive Health Care and the Drug Approval System (Alliance for Hippocratic Medicine v. FDA)
    This panel will explore the implications of opening the door for the politically motivated destruction of the FDA’s drug approval process as the Supreme Court prepares to hear the case seeking to ban mifepristone.

    • Panelists:
      • Jocelyn Frye, President, National Partnership for Women & Families
      • William Schultz, Partner, Zuckerman Spaeder, former General Counsel, Department of Health and Human Services

PRESS CALL: Representative Steven Horsford and Affordable Care Act Enrollee to Join Protect Our Care Nevada to Highlight Record-Breaking Affordable Care Act Open Enrollment Numbers

***MEDIA ADVISORY FOR FRIDAY, FEBRUARY 16 AT 9 AM PT // 12 PM ET***

Las Vegas, NV — On Friday, February 16 at 9 AM PT // 12 PM ET, United States Representative Steven Horsford (D-NV-04) and Travis Brock, an Affordable Care Act enrollee, will join Protect Our Care Nevada to highlight record-breaking open enrollment numbers, including the 96,706 Nevadans who have signed up for affordable coverage through the ACA. The Biden administration announced that 21.3 million people across the nation enrolled in coverage during the latest open enrollment period. These numbers are nearly double the number of people enrolled when President Biden took office and include more than 5 million new signups. 

Thanks to the Inflation Reduction Act’s reduction of health insurance premium costs, 80 percent of enrollees were able to find a health plan through the Marketplace for $10 or less per month. President Biden and Democrats in Congress are fighting tirelessly to extend these savings. 

As record numbers are relying on the ACA for affordable coverage, Donald Trump has fully reignited his war on health care. Speakers will call out how Trump’s plan to repeal the ACA would throw millions of Americans off their coverage, drive up costs, and dismantle vital protections for people with pre-existing conditions. 

PRESS CALL

WHO:
United States Representative Steven Horsford (D-NV-04)
Travis Brock, Affordable Care Act Enrollee
Sandra Jauregui, Protect Our Care Nevada

WHAT: Virtual Press Conference 

WHERE: Register here (registration required)

WHEN: Friday, February 16, at 9 AM PT // 12 PM ET

PRESS EVENT: Senator Bob Casey to Highlight Prescription Drug Cost Savings for Seniors

***MEDIA ADVISORY FOR WEDNESDAY, FEBRUARY 14 AT 10:00 AM ET***

Casey-Backed Inflation Reduction Act Gave Medicare Power to Negotiate Drug Prices for the First Time.  

In August 2023, the Biden Administration Announced the First Round of Prescription Drugs to Be Negotiated by Medicare.

In November 2023, the Senate Finance Committee Sent a Legislative Package, Including Bipartisan Casey-Led Provisions Protecting Seniors From High Drug Costs to the Senate Floor for Vote.  

Jessup, PA – On Wednesday, February 14, 2024, at 10:00 AM ET, U.S. Senator Bob Casey (D-PA) will join health care advocates and community leaders to highlight how the Inflation Reduction Act’s historic provisions are reducing costs for seniors. Specifically, the IRA allows Medicare to negotiate prescription drug prices for the first time and caps the cost of insulin for Part D beneficiaries at $35 a month. These provisions are protecting Pennsylvanians from unfair drug prices and lowering costs for seniors. A media availability will follow the speaking program. 

PRESS EVENT

Who:
U.S. Senator Bob Casey
Michael Berman, Pennsylvania State Director for Protect Our Care
Barbara Richel, Lake Ariel resident

When: Wednesday, February 14, 2024, at 10:00 AM ET

Where: Address provided upon RSVP to [email protected]. Press should include the names and phone numbers of each person planning to attend.