Published: 8/21/2022 7:03:45 AM
Modified: 8/21/2022 7:00:11 AM
President Biden and the New Hampshire delegation in Congress delivered on their promise to lower costs and improve health care for New Hampshire families. Along with combating inflation and making key investments in climate and energy, the Inflation Reduction Act of 2022 drives down prescription drug prices by giving Medicare the power to negotiate drug prices; institutes a cap on out-of-pocket drug costs for Medicare beneficiaries; and protects Americans against outrageous and arbitrary price increases.
The legislation also includes measures that will lower health care premiums for millions by extending Affordable Care Act (ACA) financial assistance for three years. Sadly, Republicans in Congress blocked a critical provision that would cap insulin costs at $35 per month for millions of diabetics with insurance. As many as one in four of the 7.5 million Americans dependent on insulin are skipping or skimping on doses, which can lead to death. The contrast is clear. Between fighting to lower health care costs and expanding affordable coverage to working families, our congressional delegation is working tirelessly to lower everyday costs for all Americans.
Jayme Simoes
Concord