#OTD in 2022, the #InflationReductionAct became law, finally enabling Medicare to negotiate for lower drug prices.
Now, we’re just 16 days away from CMS revealing the first 10 drugs to have their prices negotiated down.
Let’s fight to protect this progress!
Drugs can't work if people can't afford them. High drug prices have forced over 1/4 of Medicare enrollees to skip doses or go without because they could not afford their prescriptions. Now, Medicare enrollees can more easily access the medicines they need. #WellnessWed
The #InflationReductionAct included some major wins for enrollees:
💉Capped insulin cost at $35/mo
💲Created a $2k annual out-of-pocket Rx cost cap
💰Made #BigPharma pay if they hike prices too quickly
💊Enabled Medicare to negotiate lower drug prices
@HCAN#LowerDrugPricesNow
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#UpdateTheRegistry
#BigPharma has been able to raise prices without any oversight. There was no penalty for increasing prices faster than inflation or for setting prices sky high. Under the IRA, companies that raise their prices faster than inflation will be identifies and penalized. #WellnessWed
Addressing underlying health inequities is critical in an era of rising inflation.
"Evidence suggests a lack of economic resources compromises children’s ability to grow and achieve in adulthood, hurting them and the broader society."
#WellnessWed https://t.co/VTvNXz2xX0
The increased marketplace subsidies under the IRA are saving young families up to $800/year on their health coverage, meaning better access to health care benefits like mental health and maternity care. #WellnessWed
P5: La transparencia es crucial cuando se trata de reducir los costos de atención médica. ¿Cómo promueve la Ley de Reducción de la Inflación la transparencia en el precio de los medicamentos recetados y empoderar a los pacientes para que tomen decisiones informadas? #WellnessWed
El aumento de los subsidios del mercado bajo la IRA está ahorrando a las familias jóvenes hasta $800/año en su cobertura de salud, lo que significa un mejor acceso a los beneficios de atención médica como salud mental y atención de maternidad. #WellnessWed
Without the IRA, this financial assistance would have ended last year. Extending this help means that families who have insurance plans through https://t.co/AsGeKG6jVi and state marketplaces will continue to save up to an average of $800 on their premiums. #WellnessWed
aumentando los precios a voluntad y que también aumentan la asequibilidad para que las personas paguen menos por bolsillo para cosas como insulina y vacunas. #WellnessWed
Sin la IRA, esta ayuda financiera habría terminado el año pasado. Extender esta ayuda significa que las familias que tienen planes de seguro a través de https://t.co/AsGeKG6jVi y marketplaces estatales seguirán ahorrando hasta un promedio de $800 en sus primas. #WellnessWed
There are two big provisions that tackle prices: Medicare negotiations over prescription medicines that will require #BigPharma to bargain rather than set whatever price they want and fines for corporations that raise their rates faster than inflation. #WellnessWed
P6: La prevención es un aspecto clave de la atención médica. ¿Cómo fomenta la Ley de Reducción de la Inflación las medidas preventivas y los programas de bienestar para mejorar los resultados generales de salud? #WellnessWed
Many vaccines, like the shingles vaccine, are now free to those with Medicare thanks to the IRA. Additionally, people enrolled in ACA marketplace plans now have access to *free* preventive care, like screenings and vaccinations. #WellnessWed
The IRA expands eligibility for full Part D Low-Income Subsidies to low-income people with incomes up to 150% of poverty. Now, only individuals with incomes between 135% and 150% of poverty receive only partial help. Many more people will benefit under the new law. #WellnessWed
One year ago today, @POTUS signed the #InflationReductionAct, making historic improvements to Medicare that will lower costs for patients.
But #BigPharma is fighting to undo the IRA’s progress and keep their profits high.
Q5: Transparency is crucial when it comes to reducing healthcare costs. How does the Inflation Reduction Act promote transparency in prescription drug pricing? How can this empower patients to make informed decisions? #WellnessWed