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Several U.S. lawmakers, including Rep. Lucy McBath and Rep. Adam Smith, praised the Inflation Reduction Act for capping insulin costs at $35/month, benefiting millions. The Act aims to lower healthcare costs and prevent price hikes, with support from HHS Secretary Becerra. However, some critics, like David Maris, argue that the Act may lead to cost shifting and burden younger taxpayers.
President @JoeBiden and I took on Big Pharma and capped the cost of insulin at $35 and the annual cost of prescription medication for seniors at $2,000 a year. When we win reelection, we will cap these costs for everyone.
For Pharma, the Inflation Reduction Act is a giant cost shifting and vote gathering exercise to make some people, older Americans, think they are getting a good deal. Younger taxpayers will pay the price. Just ask anyone with health insurance whether the Affordable Care Act made…
I've talked to too many families who have had to ration medication or skip doses due to high drug costs. It's dangerous and it's just plain wrong. That's why I passed legislation to lower the cost of Insulin to $35 and allow Medicare to negotiate prices down.
Seniors on Medicare are no longer vulnerable to outrageous insulin price hikes, thanks to the #InflationReductionAct’s $35/month cap on insulin. That’s real savings for millions of Americans. And not one Republican supported it. https://t.co/Z5OWr8YF8j
What pharma and patient support need to know about the Inflation Reduction Act: https://t.co/kBGebZOy5d
I agree with @SecBecerra: Every American should reap the rewards of the lower Rx costs made possible by the Inflation Reduction Act, like the $35/month cap on insulin. Let's pass the Lowering Drug Costs for American Families Act and expand lower drug costs for everyone. https://t.co/cLCARBbpBZ
Millions of Americans have already benefited from my bill capping the cost of insulin. Today in committee, I commended HHS @SecBecerra on the Biden-Harris Admin's historic work to continue lowering health care costs for the American people. @EdWorkforceDems Watch here⤵️ https://t.co/KvJe8N7la4