***MEDIA ADVISORY FOR WEDNESDAY JULY 26 at 9:30 AM EDT***
New Report Breaks Down Virginians’ Savings from Inflation Reduction Act
Washington, D.C. — On Wednesday, July 26 at 9:30 AM U.S. Representative Don Beyer (D-VA-08) will join Protect Our Care Virginia 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.
Speakers will also discuss a new fact sheet from Protect Our Care outlining how the Inflation Reduction Act reduces health care costs for Virginians— with even more savings on the way as the law’s provisions to give Medicare the power to negotiate and cap seniors’ prescription drug costs take effect. The new fact sheet follows new polling that shows the health care measures in the Inflation Reduction Act are the most popular in the entire bill.
This event comes as Republicans and big drug companies are attacking the Inflation Reduction Act in Congress and the courts. Pharmaceutical giants Merck, Bristol Myers Squibb, Astellas Pharma, and Johnson & Johnson-owned Janssen Pharmaceuticals, 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.
U.S. Representative Don Beyer (D-VA-08)
National Domestic Workers Alliance State Director Yanet Limon-Amado
Protect Our Care Virginia State Director Katie Baker
Medicare Storyteller Irv Varkonyi
WHAT: Virtual Press Conference
WHERE: Register to join the Zoom event (Registration required)
WHEN: Wednesday, July 26 at 9:30 AM EDT