John, Joe Biden just signed the Inflation Reduction Act.
Big Pharma threw everything they had―$100 million and 1,500 lobbyists―at stopping the IRA. Pharma failed, and seniors won.
Today is the beginning of the end of Big Pharma’s iron grip on Washington.
The Inflation Reduction Act is a critical step towards lower drug prices. It will ensure that Medicare beneficiaries pay no more than $2,000 a year for prescription drugs. It will stop pharmaceutical corporations from raising the prices they charge Medicare for drugs faster than the rate of inflation. At long last, it will give Medicare the power to negotiate lower prices on key prescription drugs.
With the passage of the IRA, the U.S. government now has the legal ability to determine a ‘fair price’ for prescription drugs. While that ability is currently limited to a few key medications, it can and should be expanded in the future.
This is Big Pharma’s first big defeat, but it won’t be the last. We will never stop fighting until everyone in America has the medications they need.
Donate $5 today to get to work on Big Pharma’s NEXT defeat!
In solidarity,
Alex Lawson Social Security Works
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