would immediately lower healthcare costs
Immediately lower healthcare costs.
Occurrences
The Capping Costs for Consumers Act will bring down the cost of care for millions of Americans to make sure they can access the care they need, when they need it.
Evidence
Today Congresswoman Kim Schrier helped pass the Inflation Reduction Act, and her office said the law will allow Medicare to negotiate lower drug prices, cap annual out-of-pocket costs for Medicare recipients at $2,000, cap insulin at $35 per month for seniors, and help families continue to afford health insurance.
Rep. Schrier introduced H.R.10438 on December 16, 2024; Congress.gov shows the bill was referred to committee and its status was Introduced.
Rep. Schrier introduced H.R.7164 on January 20, 2026; Congress.gov shows the bill was referred to committee and remained at the Introduced stage.
Schrier's official healthcare issues page says the Inflation Reduction Act is now law and that it helps address healthcare affordability by lowering drug prices, capping annual out-of-pocket medication costs, capping insulin at $35 per month for Medicare beneficiaries, and capping health care premiums at 8.5% of family income.
Schrier said in 2022 that she was working in Congress to bring down health care and prescription drug costs, and her office noted support for the American Rescue Plan premium cap, her bill to speed generic insulin to market, and a vote to cap insulin at $35 a month.
Assessments
Schrier supported and helped pass enacted federal measures, especially the Inflation Reduction Act, that lowered some healthcare costs through Medicare drug pricing provisions, insulin and out-of-pocket caps for Medicare beneficiaries, and marketplace premium support. However, the promise was broad and framed as immediately lowering healthcare costs; the cited delivery occurred later and only for specific populations and cost categories. Later bills she introduced show continued serious effort but remained introduced or in committee and did not independently deliver the promised outcome.