President Biden and Congressional Democrats have fought tirelessly to pass the historic health care investments included in the Inflation Reduction Act. These provisions will strengthen the American health care system, working toward a future where health care is a right, not a privilege for all Americans. This historic legislation will drastically reduce the cost of prescription drugs by reining in Big Pharma and cut costs for millions Americans purchasing coverage on their own through the ACA marketplaces. Not only does this bill address our most pressing health care challenges, it also puts downward pressure on rising costs and is backed by more than 120 world renowned economists.
Health care lies at the heart of the Inflation Reduction Act, and the proposals to reduce costs and expand care are overwhelmingly popular with Americans across the political spectrum. The Inflation Reduction Act will reduce racial inequities in health care, improve the health and well-being of seniors and people with disabilities, strengthen families, and save lives across America.