{"id":1048461,"date":"2024-09-30T22:08:46","date_gmt":"2024-10-01T02:08:46","guid":{"rendered":"https:\/\/democrats.org\/?p=1048461"},"modified":"2024-09-30T22:08:46","modified_gmt":"2024-10-01T02:08:46","slug":"new-biden-harris-admins-latest-action-saves-seniors-thousands-on-medication-trump-vance-project-2025-would-raise-drug-costs-on-18-million-seniors","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/new-biden-harris-admins-latest-action-saves-seniors-thousands-on-medication-trump-vance-project-2025-would-raise-drug-costs-on-18-million-seniors\/","title":{"rendered":"NEW: Biden-Harris Admin\u2019s Latest Action Saves Seniors Thousands on Medication, Trump-Vance Project 2025 Would Raise Drug Costs on 18 Million Seniors"},"content":{"rendered":"\n
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In response to the latest <\/em>announcement<\/em><\/a> from the Biden-Harris administration on lower prescription drug prices, <\/em>DNC National Press Secretary \u2068Emilia Rowland\u2069 released the following statement:<\/em><\/strong><\/p>\n\n\n\n

\u201cThanks to the Biden-Harris administration, America\u2019s seniors and people with disabilities enrolled in Medicare will soon pay less for 54 prescription drugs they depend on to treat conditions like cancer, osteoporosis, and pneumonia. The historic cost-savings in the Inflation Reduction Act will bring down costs for 822,000 Americans, and some seniors will save more than $3,800\u202fper day. The contrast couldn\u2019t be more clear: After spending his first term desperately trying to repeal the Affordable Care Act on behalf of Big Pharma CEOs, Trump and Vance are threatening to do it again, and go even further with their Project 2025 plans to repeal the insulin price cap in the Inflation Reduction Act. All told, the Trump-Vance ticket would skyrocket health care costs for over 18 million<\/a> Americans. Vice President Harris cast the tie-breaking vote in the Senate for the Inflation Reduction Act without a single Republican vote, and as president she will hold Big Pharma accountable<\/a> and continue lowering costs for seniors and all Americans.\u201d<\/p>\n\n\n\n

Today, President Biden and Vice President Harris announced that they will bring down prices for 54 more prescription drugs thanks to Democrats\u2019 historic Inflation Reduction Act, <\/strong>which passed with Vice President Harris casting the tie-breaking vote in the Senate. <\/strong><\/p>\n\n\n\n

The White House<\/a>: \u201cToday, our Administration is announcing that starting in October, seniors and people with disabilities enrolled in Medicare will pay less for 54 Part B prescription drugs. That means more money will go back into the pockets of people with Medicare \u2013 including some of the 822,000 seniors and people with disabilities who use these drugs annually to treat conditions like cancer, osteoporosis, and pneumonia, and some seniors will save more than $3,800\u202fper day.\u201d<\/strong><\/p>\n\n\n\n

U.S. Department of Health and Human Services<\/a>: \u201cBecause of the Biden-Harris lower cost prescription drug law, the Inflation Reduction Act, which established the Medicare Prescription Drug Inflation Rebate Program, some people with Medicare who use these drugs in the last quarter of 2024 may save between $1 and $3,854 per day. For example, someone taking a drug called Kymriah, which treats cancer, could save as much as $3,000.\u201d<\/strong><\/p>\n\n\n\n

The Hill<\/a>: \u201cInflation Reduction Act rebates yield savings for 54 Medicare Part B drugs\u201d<\/p>\n\n\n\n

\u201cThe 54 drugs announced by HHS will have a lowered Part B coinsurance rate starting on Oct. 1 through the end of 2024.\u201d<\/strong><\/p>\n\n\n\n

A Harris-Walz administration will continue to build on this historic work: extending the $35\/month price cap on insulin for all Americans, accelerating the speed of Medicare negotiations to lower costs, and increasing competition and demanding transparency in the healthcare industry. <\/strong><\/p>\n\n\n\n

Harris for President Report, A New Way Forward for The Middle Class<\/a>: \u201cVice President Harris and Governor Walz will chart a New Way Forward that not only protects these achievements but builds on them by expanding the Inflation Reduction Act\u2019s cost-saving provisions to benefit all Americans. <\/p>\n\n\n\n

\u201cThey will:<\/p>\n\n\n\n