Washington, D.C. — Today, House Budget Chair Jodey Arrington (R-TX) released a proposed budget for the next decade, which includes steep cuts to the Affordable Care Act, Medicaid, and Inflation Reduction Act, threatening health care for millions of seniors and families across the nation. Dismantling the Inflation Reduction Act would reverse prescription drug savings for seniors and make health care more expensive for families purchasing coverage on their own. This latest attack on health care comes at the same time House Republicans are threatening a government shutdown unless they get their way. The GOP budget resolution is slated for a committee markup tomorrow morning.
In response, Protect Our Care Executive Director Brad Woodhouse issued the following statement:
“The GOP war on health care is alive and well. This is just the latest in a years-long effort to repeal the ACA, slash Medicaid and roll back any effort to make health care and prescription drugs more affordable for American families. The Republicans’ budget would do unspeakable harm to the progress made by the Biden-Harris administration through the Inflation Reduction Act. It’s a complete disgrace that while Democrats are working hard to lower health care costs for Americans, Republicans are trying to go backwards on progress.”
What Repealing the Inflation Reduction Act Means for American Health Care:
- GONE: Premium savings for over 13 million Americans covered under the ACA — averaging $2,400 per family.
- GONE: Medicare’s power to negotiate lower costs for the most popular and expensive prescription drugs.
- GONE: Prescription drug savings for seniors, including a $2,000 annual out-of-pocket cap and protections from Big Pharma’s price hikes.
- GONE: Free vaccines for seniors, including shingles and pneumonia.
- GONE: $35 monthly insulin caps for Medicare beneficiaries.