to make prescription drugs more affordable
Make prescription drugs more affordable.
Occurrences
to make prescription drugs more affordable
Evidence
"Rep. Schrier ... has introduced a bipartisan bill that will bring down the cost of insulin." The release says the bill "paves the way for less expensive versions of brand name insulins."
Roll Call 420 lists H.R. 5376, the Inflation Reduction Act, on motion to concur in the Senate amendment, with the result marked Passed.
Schrier said the bill "will bring down costs for families" and listed "Allowing Medicare to negotiate lower drug prices" and "Capping insulin costs for seniors at $35/month."
CMS states the law lowers prescription drug prices in Medicare through price negotiation, caps out-of-pocket prescription drug costs at $2,000 in 2025, and caps insulin at $35 per month for Medicare beneficiaries.
Assessments
Schrier supported and voted for the Inflation Reduction Act during the same term, and federal implementation produced concrete prescription-drug affordability gains, including Medicare drug price negotiation, a $35 monthly insulin cap for Medicare beneficiaries, and a $2,000 annual out-of-pocket cap beginning in 2025. However, the promise was broad, and the enacted reforms mainly applied to Medicare beneficiaries and selected drugs rather than making prescription drugs broadly affordable for all patients, so the outcome is partial rather than fully delivered.