Rep. Scanlon Releases Reports Showing How Inflation Reduction Act Will Lower Health Care Costs for Pa. 5th District Families
Congresswoman
"For too long, families in PA-05 have been forced to choose between paying for life-saving medication or insurance coverage and putting food on the table," said
The Inflation Reduction Act will make health care more affordable for PA-05 families by:
* Helping 21,000 district residents who currently get subsidized marketplace health insurance coverage through the Affordable Care Act save an average of
* Saving families with two adults, two children, and a household income of
* Saving single-parent households with one adult, one child, and a household income of
* Saving households of two adults over the age of 60 and a joint income of
The Inflation Reduction Act will lower prescription drug costs for PA-05 families by:
* Capping Medicare beneficiaries' annual out-of-pocket costs for prescription drugs covered by Medicare Part D at
- An estimated 3,000 Medicare Part D beneficiaries in the district had out-of-pocket costs above
* Capping monthly copayments for insulin products at
* Allowing the government to negotiate lower drug prices with Big Pharma. If the Inflation Reduction Act's drug pricing provisions had been fully in effect in 2020:
- The total cost of prescriptions filled by Medicare beneficiaries in the district could have been
- Medicare beneficiaries in the district could have saved a total of
The urgent need for these reforms is demonstrated by
Find the report on the benefits of the Inflation Reduction Act health coverage provisions for PA-05 residents here (https://scanlon.house.gov/UploadedFiles/PA-05_Report_on_IRA_Health_Coverage_Benefits.pdf).
Find the report on the benefits of the Inflation Reduction Act Medicare drug pricing provisions for PA-05 residents here (https://scanlon.house.gov/UploadedFiles/PA-05_Report_on_IRA_Drug_Pricing_Savings.pdf).
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Original text here: https://scanlon.house.gov/news/documentsingle.aspx?DocumentID=418
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