Political Quotes

On the recordJanuary 7, 2026
this month, January 2026, marks a new era for Medicare. After decades of empty promises about lowering the cost of prescription drugs, the prices of the 10 most expensive drugs under Medicare will finally fall. Starting this year, 2026, seniors who rely on medications to treat blood clots, diabetes, heart disease, and certain cancers will see discounts of up to 79 percent for these essential drugs. There are 9 million American seniors who will save a total of $1.5 billion in annual out-of-pocket costs, including nearly 300,000 seniors in Illinois who take 1 of those 10 drugs. Why did it take so darned long to lower these prices? Politicians have been talking about it for years. For years, Medicare was blocked from negotiating the price of drugs by the pharmaceutical companies. They didn't want to cut into their profits. That changed when Democrats passed the Inflation Reduction Act in 2022 under the Biden administration. This law empowered Medicare to bargain for fair prices for medications used by seniors. Not one single Republican voted for this bill in 2022. Let me say that again. Democrats overcame the objections of congressional Republicans and Big Pharma, who were complaining about how negotiating drug prices was socialism--socialism. Now seniors will be saving hundreds of dollars a month because Democrats rolled up our sleeves to deliver price cuts on prescription drugs. What has President Trump done to make healthcare more affordable? Nothing.
Said by
Dick Durbin
Democratic · Illinois

Editor's note · Context

Discussing the impact of the Inflation Reduction Act on Medicare drug prices.

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