Washington D.C. – Today, House Democrats passed the biggest health care legislation since the Affordable Care Act. The Inflation Reduction Act will lower the cost of health insurance and drive down prescription drug prices by giving Medicare the power to negotiate, capping seniors’ out-of-pocket costs for drugs at $2,000 per year, capping insulin costs, and stopping Big Pharma’s egregious price hikes. This bill will help lower costs for millions of working families, address the deep racial inequities in our health care system and save lives. This historic legislation ends a 20-year era of pharmaceutical companies’ greed taking precedence over the health and well-being of the American people. In response, Protect Our Care Chair Leslie Dach issued the following statement:
“A long-awaited victory for all Americans, this bill represents peace of mind for the millions of people who struggle to make ends meet. Being sick can take over your life and being unable to pay for care devastates families. Too many Americans die before their time because they can’t afford health care, and the inequities are even more profound for people of color, rural residents, and people with disabilities. Now, the Inflation Reduction Act will be a game-changer for millions of people. By passing this legislation, President Biden and Democrats delivered on their promise to lower health care costs and rein in high drug prices — a stark contrast from every Republican who voted no. American families have been asking and waiting for this day, and now help is on the way.”