HERE IN New Hampshire and across the country, millions of seniors will get relief from a new law that will help reduce out-of-control drug prices. For the first time in decades, Big Pharma’s relentless grip on their wallets, medicine cabinets and peace of mind will begin to be pried loose.
After years of calling on Congress to make prescription drugs more affordable, we won the fight for Medicare to negotiate lower drug prices and help millions of seniors save money on their medications. That, in and of itself, is huge. But the new law, passed by Congress and quickly signed by President Joe Biden, will significantly help in other ways. It will also limit the cost of insulin to $35 a month for people on Medicare and put a $2,000 annual cap on what seniors in Medicare plans will have to pay out of pocket for their medications. The new law makes shingles and other vaccines free, and it keeps the heat on drug companies by penalizing them if they raise prices higher than the inflation rate.