AARP Pennsylvania Thanks Senator Casey 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 Medicines for Seniors

HARRISBURG, Pa., Aug. 7, 2022 /PRNewswire/ — Earlier right now the Senate voted to go 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 Senator Bob Casey for supporting this vital laws and shifting one step nearer to actual aid for seniors.

The Inflation Discount Act consists of key AARP priorities that may go a protracted technique to decrease drug costs and out-of-pocket prices. AARP fought for provisions within the invoice that may:

• Lastly enable Medicare to barter the worth of medication
• Cap annual out-of-pocket prescription drug prices in Medicare Half D ($2,000 in 2025)
• Maintain drug corporations accountable once they improve drug costs quicker than the speed of inflation, and
• Cap co-pays for insulin to not more than $35 per 30 days in Medicare Half D.

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

“Since AARP’s founding we now have fought for older adults to have entry to reasonably priced well being care – together with prescribed drugs. And we now have been working for almost 20 years to permit Medicare to barter the worth it pays for medicines. Because of right now’s historic vote within the Senate, tens of millions of Individuals 50+ are one step nearer to actual aid from out-of-control prescription drug costs. This invoice will save Medicare tons of of billions of {dollars} and provides seniors peace of thoughts figuring out there may be an annual restrict on what they have to pay out-of-pocket for medicines. Decreasing prescription drug costs is a prime precedence for Individuals, with greater than 80% of individuals throughout political events supporting the measure. We thank all of the senators who voted right now to decrease drug costs.

“We’re additionally happy that the invoice will preserve medical health insurance reasonably priced for tens of millions of Individuals who buy their protection within the market, particularly shoppers aged 50-64 – a couple of million of whom have gained extra reasonably priced choices.

“We urge the Home to maneuver shortly and enact this momentous reform. AARP fought arduous for this victory, and we are going to preserve preventing to get Individuals aid from the excessive value of prescribed drugs.”

About AARP
AARP is the nation’s largest nonprofit, nonpartisan group devoted to empowering folks 50 and older to decide on how they stay 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 observe @AARP, @AARPenEspanol and @AARPadvocates, @AliadosAdelante on social media.

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

SOURCE AARP Pennsylvania