16 August 2024 - The Inflation Reduction Act is saving Americans millions in lower prescription drug costs and making health insurance more affordable.

Two years ago today, President Biden signed into law historic legislation to lower health care costs for millions of Americans. The Inflation Reduction Act, also known as the lower cost prescription drug law, created the first ever annual cap on out of pocket drug costs for people with Medicare, capped the cost of each covered insulin at $35 per month, granted Medicare the power to directly negotiate drug prices, and made Affordable Care Act marketplace plans more affordable, leading to the lowest uninsured rate in history.

Read CMS press release