AARP Pennsylvania Thanks Pennsylvania House Delegation For Historic Vote Toward Real Relief on Prescription Drug Pricing

Invoice Permits Medicare to Negotiate Decrease Drug Costs and Caps Out-of-Pocket Spending on Drugs for Seniors

HARRISBURG, Pa., Aug. 12, 2022 /PRNewswire/ — Earlier right this moment the Home voted to cross the Inflation Discount Act of 2022, a invoice that features a number of key provisions to decrease the costs of prescribed drugs. AARP Pennsylvania thanks Representatives Brendan Boyle, Matt Cartwright, Madeleine Dean, Mike Doyle, Dwight Evans, Chrissy Houlahan, Conor Lamb, Mary Homosexual Scanlon, and Susan Wild for supporting this essential laws that can deliver actual reduction for seniors. The invoice now goes to President Biden for his signature.

The Inflation Discount Act consists of key AARP priorities that can go an extended method to decrease drug costs and out-of-pocket prices. AARP fought for provisions within the invoice that can:

• Lastly enable Medicare to barter the worth of medicine
• Cap annual out-of-pocket prescription drug prices in Medicare Half D ($2,000 in 2025)
• Maintain drug firms accountable after they improve drug costs quicker than the speed of inflation, and
• Cap co-pays for insulin to not more than $35 monthly in Medicare Half D.

Jo Ann Jenkins, AARP Chief Government Officer, issued an announcement reacting to the Home vote.

“Right this moment is a momentous day for older Individuals. By passing the Inflation Discount Act, Congress has made good on a long time of guarantees to decrease the worth of prescribed drugs. Seniors ought to by no means have to decide on between paying for wanted medication or different requirements like meals or hire, and tens of thousands and thousands of adults in Medicare drug plans will quickly have peace of thoughts understanding their out-of-pocket bills are restricted yearly.

“Many individuals mentioned this could not be accomplished, however AARP is not afraid of a tough combat. We saved up the stress, and now, for the primary time, Medicare will have the ability to negotiate with drug firms for decrease costs, saving seniors cash on their medicines.

“I thank the Home members whose votes right this moment will deliver actual reduction to thousands and thousands of Individuals, and I sit up for President Biden signing this invoice into legislation.”

About AARP

AARP is the nation’s largest nonprofit, nonpartisan group devoted to empowering folks 50 and older to decide on how they dwell as they age. With a nationwide presence and almost 38 million members, AARP strengthens communities and advocates for what issues most to households: well being safety, monetary stability and private success. AARP additionally produces the nation’s largest circulation publications: AARP The Journal and AARP Bulletin. To study extra, go to www.aarp.org, www.aarp.org/espanol or comply with @AARP, @AARPenEspanol and @AARPadvocates, @AliadosAdelante on social media.

CONTACT:
TJ Thiessen, (202) 374-8033, [email protected]

SOURCE AARP Pennsylvania