Lowering Drug Prices for People of All Ages
The high price of prescription drugs is a main driver of healthcare costs in the United States, costing patients and taxpayers billions of dollars annually, forcing millions of Americans into medical debt and putting life-saving medicines out of reach for the people who need them most. For years, drug corporations have raised the price of prescriptions has risen faster than inflation to pad their profits, price-gouging patients on everything from insulin to cancer drugs thanks to government granted monopoly power to charge any amount they want on brand name drugs. In 2022, however, things started to change when President Biden and the 117th Congress passed historic reforms in the Inflation Reduction Act that will finally enable Medicare to negotiate for lower drug prices, stop drug corporations from raising prices faster than inflation, and, for the first time, cap out-of-pocket costs for seniors and people with disabilities. The new law is great news for Medicare enrollees, but now it’s time to do the same for everyone else. People of all ages need affordable medicines to take care of themselves and their families. It’s finally within our reach to lower drug prices for people with private insurance, individual coverage, and with no coverage at all by putting an end to prescription drug price-gouging once and for all.
Latest Resources on Lowering Drug Prices
NC Newsline: It’s time to make prescription medications affordable for all
Charleston Gazette-Mail: Eve Marcum-Atkinson: Lower drug prices need to get here fast (Opinion)
Medicare Names First Drugs For Price Negotiations in Historic Announcement
WASHINGTON -- In response to the Biden administration’s announcement of ten prescription drugs that will be eligible for Medicare price negotiations under the Inflation Reduction Act, Health Care for America Now Education Fund Executive Director Margarida Jorge issued...
WV Public Broadcasting: Advocates Celebrate Inflation Reduction Act Anniversary
Des Moines Register: Opinion: It’s time for companies to negotiate prescription drug prices
On the Anniversary of Medicare and Medicaid, We’re Counting Down to Lower Drug Costs
On July 30th, 1965, President Lyndon B. Johnson signed Medicare into law, creating the nation’s most beloved healthcare program, which provides care to 66 million seniors and people with disabilities. Over the years more improvements have been made to the program to...
Biden’s SOTU Includes All We Need to Finish the Job on Affordable Coverage and Lower Health Costs
In his second State of the Union Address, President Biden outlined the accomplishments of the last two years and called on Congress to “finish the job,” demonstrating his continued commitment to increasing access to affordable health care, stopping corporate...
President Biden’s Top 10 Healthcare Victories of 2022
In 2022, President Biden and Congressional Democrats delivered on their promises by continuing to expand access to quality, affordable healthcare, and by making historic improvements to Medicare prescription drug coverage that will both lower prices and reduce...
Congratulations to Rep. Hakeem Jeffries
When long-time Speaker and health care champion Nancy Pelosi recently announced the end of her tenure, a new Democratic leader was already poised to step up in the House of Representatives. Today, House Democrats voted unanimously to elect a new leader, who will be...