Political Quotes

“On January 1, the Department of Health and Human Services announced that a $2,000 out-of-pocket cap is going to be initiated for seniors on the Medicare part D program. Fifty-three million seniors across the country use part D and because of the copayment structure, many of them pay in excess of $2,000 out of pocket. Starting on January 1, because of the Inflation Reduction Act and the prescription drug reforms that took place as a result of that, there will be a hard cap that no one will have to pay more than $2,000 during a calendar year for prescription drug coverage for people who suffer from chronic illnesses, such as MS and other cancers. This is a life-changing transformation in terms of both their healthcare coverage and delivery but also their financial circumstance, which for many years, despite part D being enacted back in 2002, they were incurring costs far in excess of $2,000. The numbers are in the hundreds of thousands and possibly millions of people who are going to benefit because of that new cap. Mr. Speaker, I congratulate Secretary Becerra for the swift implementation of the Inflation Reduction Act, which unfortunately was a very tough vote that took place in 2023, but it is paying off in real-life benefits for 53 million elderly and people on disability who rely on the Medicare system to get their lifesaving medication and drugs. This is real change that means something in real life for people.…”