Sen Stabenow: Inflation Reduction Act a “big win” for Michigan seniors on Medicare
Lower prescription drug costs, free vaccinations part of new legislation
United States Senator Debbie Stabenow visited West Michigan Thursday, outlining how new legislation will lower the cost of prescription drugs.
Thursday’s visit came two days after President Joe Biden signed the Inflation Reduction Act.
The new legislation limits out-of-pocket prescription drug costs to $2,000 for Michigan seniors who rely on Medicare. It also provides free vaccinations and caps insulin costs for Medicare recipients at $35 per month.
Speaking at the Grandville Senior Center Thursday morning, Sen. Stabenow called the Inflation Reduction Act a “big win” for Michigan’s seniors after an “epic battle.”
“Americans pay the highest prices in the world for their prescription drugs and it’s outrageous!” Stabenow said. “I am very proud that my Democratic colleagues joined me in standing up to Big Pharma to get Michiganders and all Americans the help they need so they can afford their medicine.”
Stabenow, who has long called for the reduction of prescription drug costs, says the new law will also allow Medicare to negotiate prescription drug prices while giving Medicare recipients the ability to pay for medicine in monthly payments.
The legislation did not receive a single Republican vote in the United States Senate and passed with Vice President Kamala Harris serving as the tiebreaker.