taking on Big Pharma
Take on Big Pharma.
Occurrences
I'll take on the insurers and drug companies that jack up costs
Evidence
On Schrier's official issues page, the healthcare section says the Inflation Reduction Act is law and that it gives Medicare the power to negotiate lower drug prices, cracks down on drug companies that gouge patients, caps annual out-of-pocket medication costs for Medicare recipients, and caps insulin at $35 per month for Medicare beneficiaries. The page also says she will continue to work to bring down the cost of prescription drugs.
Schrier said the Inflation Reduction Act was signed into law and listed lower drug-price negotiation, a $2,000 annual Medicare out-of-pocket cap, a $35 monthly insulin cap for seniors, and penalties on drug companies for unfair price hikes among its provisions.
Assessments
Schrier, as a sitting U.S. Representative, supported the Inflation Reduction Act during her term, and it became law in 2022 with major prescription-drug provisions directly aimed at pharmaceutical pricing power: Medicare drug-price negotiation, inflation penalties for price hikes, a Medicare out-of-pocket cap, and a $35 insulin cap for Medicare beneficiaries. The promise was broad rather than tied to a specific bill, but these enacted federal policies are a substantial fulfillment of taking on Big Pharma in the relevant office context.