US Senate Majority Leader Chuck Schumer praises the Democrats for delivering lower prescription drug prices for seniors through the Inflation Reduction Act. The act, introduced by Senators Michael Bennet and Jack Reed, aims to prevent pharmaceutical companies from raising drug prices faster than inflation. Schumer explains that the bill would reduce Medicare spending by $456 billion over a decade, and provide seniors with a $1,000 annual cap on their out-of-pocket prescription costs.
Are you interested in learning more about how the Inflation Reduction Act could impact your prescription drug costs? Click the link to read more about the bill’s potential benefits and the driving forces behind it.
New York, N.Y. – Senate Majority Leader Chuck Schumer (D-NY) today released the following statement on the announcement by the Biden-Harris …
Published by www.democrats.senate.gov
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