***MEDIA ADVISORY FOR FRIDAY, JULY 7 @ 11:00 AM CT // 12:00 PM ET***
Thanks to the Inflation Reduction Act, Wisconsinites Are Saving on Health Care Costs
Milwaukee, WI – On Friday, July 7th at 11:00 AM CT, 12:00 PM ET, U.S. Representative Gwen Moore (D-WI-4) will join Protect Our Care Wisconsin to discuss the Biden-Harris administration’s next steps in implementing the Inflation Reduction Act’s Medicare Drug Price Negotiation Program. The administration released the final guidance outlining the process for negotiation, and by September 1, the ten drugs that are selected for the first round of price negotiations will be announced.
A new report from Protect Our Care highlights the five drugs that are most likely to be up for negotiation. The report also details Pharma’s efforts to derail the implementation of this critical part of the Inflation Reduction Act. Prescription drug affordability measures are particularly important for seniors of color and people with disabilities, who experience health disparities in part because they are more likely to have limited access to affordable drugs.
This event comes as Republicans and big drug companies are attacking the Inflation Reduction Act in Congress and the courts. Pharmaceutical giants Merck and Bristol Myers Squibb, as well as the industry’s trade association PhRMA, are laser-focused on undermining the Inflation Reduction Act by filing lawsuits to protect their profits and stop the administration from negotiating lower drug prices. Big Pharma’s GOP allies in Congress have already introduced legislation to repeal the Inflation Reduction Act’s prescription drug provisions, which would increase drug costs for millions of seniors.
WHO: U.S. Representative Gwen Moore (D-WI-4)
Wisconsin Senior Storytellers
Protect Our Care Wisconsin
WHAT: Virtual Press Conference
WHERE: Register to join the Zoom event (Registration required)
WHEN: Friday, July 7th at 11:00 AM CT // 12:00 PM ET