PELOSI — Statement on President Biden's Executive Action to Lower Families' Health Coverage Costs

April 5, 2022

Pelosi Statement on President Biden's Executive Action to Lower Families' Health Coverage Costs

Washington, D.C. - Speaker Nancy Pelosi issued the following statement after President Biden announced an executive order to close the "family glitch" in the Affordable Care Act, which will bring down health care costs and expand access to affordable health coverage:

"President Biden's Executive Order today is a powerful step forward in Democrats' relentless work to lower families' health costs. With this bold action to strengthen the Affordable Care Act, nearly a million Americans will see lower premiums for their health insurance and hundreds of thousands of uninsured Americans will gain affordable coverage.

"The Affordable Care Act stands as a pillar of American health and financial security, alongside Medicare, Medicaid and Social Security. Through this executive action to deliver affordable health coverage to those families who only have unaffordable coverage options at work, we are realizing a key priority of the Patient Protection and Affordable Care Enhancement Act passed by the House Democratic Majority in 2020. Now, more families will have lower health costs and more money in their pockets each month.

"Democrats will continue building on our work to lower health costs. Our American Rescue Plan dramatically lowered the cost of care under the ACA, saving families an average of $2,400 last year while helping more families find coverage during the pandemic. And we are continuing to fight to slash prescription drug prices across the board, including with our House-passed legislation to cap families' out-of-pocket cost for insulin at $35 per month. Thanks to the relentless leadership of President Biden and the Democratic Congress, health care is more affordable and accessible than ever before. Democrats are Building a Better America For The People - and we will never relent in our fight to bring down the burdensome health costs weighing heavy on America's families."