October 17, 2023 – In a recent tweet from her official Twitter account (@KamalaHarris), Vice President Kamala Harris highlighted the historic steps taken by President Joe Biden and herself to reduce the cost of prescriptions for seniors across America. The tweet stated, “✔️ Capped the cost of insulin at $35/month ✔️ Capping out-of-pocket prescription drug costs at $2,000/year ✔️ Allowed Medicare to negotiate the price of medications President (@JoeBiden) and I have taken historic steps to cut the cost of prescriptions for seniors across America.”
Vice President Harris’s tweet directly outlines the significant actions taken by the Biden administration to address the issue of high prescription costs. These steps include capping the cost of insulin at $35 per month, limiting out-of-pocket expenses for prescription drugs to $2,000 per year, and enabling Medicare to negotiate medication prices.
The measures implemented by President Biden and Vice President Harris reflect their commitment to improving access to affordable healthcare for seniors. By capping the cost of insulin, they aim to alleviate the financial burden faced by individuals who rely on this life-saving medication.
Additionally, the decision to cap out-of-pocket prescription drug costs provides relief to seniors who often face exorbitant expenses for their medications. This move ensures that seniors can access necessary treatments without incurring excessive financial strain.
Moreover, the allowance for Medicare to negotiate medication prices demonstrates the administration’s dedication to creating a more cost-effective healthcare system. By leveraging the bargaining power of Medicare, the government can secure lower prices for medications, benefiting seniors and the overall healthcare system.
President Biden and Vice President Harris’s efforts to reduce prescription costs for seniors exemplify their commitment to prioritize affordable healthcare and improve the lives of older Americans. These historic steps mark a significant milestone in their ongoing mission to create a more accessible and equitable healthcare system.(*)