News · Press Release

House Democrats’ Inflation Reduction Act Continues to Lower Drug Prices, Saving Billions of Dollars For Americans

House Republicans have repeatedly called for the repeal of this cost-saving legislation

Today, the Biden-Harris Administration announced that they have negotiated down the cost of 10 prescription drugs under Medicare – saving millions of Americans billions of dollars in yearly costs.

Thanks to House Democrats’ historic, cost-saving Inflation Reduction Act, these price negotiations are expected to save taxpayers $6 billion and help Americans save $1.5 billion in out-of-pocket medication costs.

Not a single House Republican voted for this law. Even worse, House Republicans have repeatedly called for the full repeal of the landmark legislation. 

Trump’s Project 2025 and House Republicans’ calls to repeal the Inflation Reduction Act would force millions of Americans to pay more for life-saving prescription drugs like insulin and now 10 of the country’s most common and costly drugs.

DCCC Spokesperson Viet Shelton:
“The Inflation Reduction Act is saving seniors money and lowering prices on life-saving medicine. Voters see the stark contrast between House Democrats delivering for all Americans and House Republicans trying to raise costs – and that’s why they will give Democrats the majority back this November.”

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