PRESCRIPTION DRUG COST CAP

PRESCRIPTION DRUG COST CAP

Congressional Record, Volume 171 Issue 7 (Tuesday, January 14, 2025) [Congressional Record Volume 171, Number 7 (Tuesday, January 14, 2025)] [House] [Page H140] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] PRESCRIPTION DRUG COST CAP (Mr. DELUZIO asked and was given permission to address the House for 1 minute and to revise and extend his remarks.) Mr. DELUZIO. Madam Speaker, I hear a lot from seniors in my district struggling to afford their prescriptions. I think that is wrong. This Nation ought to care for the folks who raised us and who helped build this great country of ours. I rise to share some news today that will help. Now, most seniors will never pay more than $2,000 a year for their medicine. As of January 1, for those already enrolled in an eligible Medicare plan, the cap is automatic. Once folks have paid $2,000 out of pocket for prescriptions in a year, they won't pay a dime more. This cap will give seniors more peace of mind that they can afford the medicine they need, and thousands of seniors in western Pennsylvania will save money from this policy, cash that will go toward keeping a roof over their head or taking care of a grandchild. For too long, we have seen pharmacy benefit managers and Big Pharma rip us off, padding their pockets while people struggle to afford the medicine they need to stay healthy. There is lots more to do, but this is an important step to bring down the costs for seniors in western Pennsylvania. ____________________