SIGNED: Senator Warnock Statement on His Two Proposals to Lower Prescription Drug Costs Being Codified As Inflation Reduction Act Signed Into Law

Today, President Biden signed the Inflation Reduction Act into law, comprehensive legislation that will pay down the nation’s debt, invest in clean energy initiatives, extend expanded ACA subsidies, and lower prescription drug costs

Earlier this month, Senator Reverend Warnock voted to pass the historic bill, which he championed in the Senate

Two major pieces of legislation that Senator Reverend Warnock introduced are included in the Inflation Reduction Act—his bill to cap insulin costs at $35 a month for patients on Medicare, and his plan to cap the cost of prescription drugs for seniors at $2,000 a year 

Senator Reverend Warnock: “The people of Georgia sent me to the Senate to lower costs for health care and prescription drugs, and create jobs. I’m proud we were able to deliver that and more, while also keeping our economy strong for the next generation by reducing the deficit”

Washington, D.C. — Today, U.S. Senator Reverend Raphael Warnock (D-GA) issued the statement below following President Joe Biden signing the Inflation Reduction Act into law, which includes two pieces of legislation introduced and championed by the Senator that will reduce health care costs for Georgians. 

“The people of Georgia sent me to the Senate to lower costs for health care and prescription drugs, and create jobs. I’m proud we were able to deliver that and more, while also keeping our economy strong for the next generation by reducing the deficit,” said Senator Reverend Warnock. “Now that this law is in effect, I’m going to see to it that these benefits start rolling out to the hardworking people of Georgia as quickly as possible.”

The Inflation Reduction Act includes two proposals introduced by Senator Warnock—provisions from his bill to cap the cost of insulin at $35 a month for Medicare patients, and his plan to cap the cost of prescription drugs for seniors at $2,000 a year. The Inflation Reduction Act also extends critical federal subsidies for patients who purchase health care on the ACA marketplaces, which will prevent those patients’ health care costs from spiking. Importantly, the bill also empowers Medicare to begin negotiating directly for the price of prescription drugs, a move that will lower drug costs for patients in the program.

Visit HERE for a full list of the Inflation Reduction Act’s benefits for Georgia.

###

Share on print
Print
Share on email
Share
Share on facebook
Like
Share on twitter
Tweet