On the recordSeptember 15, 2022
Mr. Speaker, for far too long, families in my district and across the country have struggled with rising healthcare and prescription drug costs. So, I am pleased to report that relief is on the way, thanks to Democrats' passage of the Inflation Reduction Act this summer. This act reins in out-of-control healthcare costs and will make a real difference in family budgets by extending tax credits for health insurance, capping prescription drug costs for seniors at $2,000 a year, capping insulin costs for seniors at $35 a month, and allowing Medicare to negotiate lower prices with drug companies. A family of four in Ridley Park could save more than $2,800 in annual health insurance premiums. A senior couple in Media could save more than $13,000 in yearly healthcare costs. If the Inflation Reduction Act's $35 insulin copay had been in effect in 2020, a Springfield resident who uses NovoLog could have saved $1,300 a year. Importantly, all these benefits are fully paid for by making the biggest corporations and billionaires pay their fair share. ____________________





