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GREED WATCH: Regeneron Announces $3.4 Billion Revenue in Quarter 3

On November 2, Regeneron announced it raked in $3.4 billion in the third quarter, a 15% increase over Q3 2022. In the third quarter, Regeneron rewarded shareholders with $507 million in stock buybacks, bringing their total buybacks for 2023 to $1.9 billion. While they make billions and reward shareholders, Americans pay exorbitantly high prices for prescription drugs. Regeneron opposes the Biden administration reforms that lower prescription drug prices. 

  • During the call, CEO Leonard S. Schleifer bragged about the company’s performance: “Regeneron performed well in the third quarter, with execution across the business continuing to drive strong top and bottom line growth. Third quarter 2023 total revenues increased 15% year-over-year to $3.4 billion.”
  • Drug companies charge Americans prices up to four times higher than prices in other countries, forcing patients to cut pills and skip doses to make ends meet. 
  • Over 80 percent of voters support giving Medicare the power to negotiate, making it the most popular provision in the Inflation Reduction Act. 

The Inflation Reduction Act brings down prescription drug costs for everyday Americans, especially seniors, by capping the price of insulin at $35 per month and providing free vaccines including shingles, giving Medicare the power to negotiate lower drug prices, and limiting the amount people have to pay each year for prescription drugs to $2,000 annually starting in 2025.  

Read more:

REPORT: Why Medicare Needs the Power to Negotiate for Lower Drug Costs: The Five Drugs That Tell the Story

FACT SHEET: Big Drug Companies Are in Court to Stop Medicare Negotiation and Protect Their Sky-High Profits

GREED WATCH: Novo Nordisk Announces More Than $8 Billion In Revenue

Novo Nordisk announced it beat Wall Street expectations and raked in $8.58 billion this quarter – a 29% increase over last year – during their earnings report. While they make billions, Americans pay exorbitantly high prices for prescription drugs. Novo Nordisk opposes the Biden administration reforms that lower prescription drug prices. 

  • During the call, CEO Lars Fruergaard Jørgensen bragged about the company’s earnings surge amid the incredible popularity of diabetes and chronic weight management drugs Wegovy and Ozempic. 
  • Novo Nordisk is suing the Biden administration to stop Medicare from negotiating lower drug prices for patients because it would endanger their massive profits. 
  • Drug companies charge Americans prices up to four times higher than prices in other countries, forcing patients to cut pills and skip doses to make ends meet. 
  • Over 80 percent of voters support giving Medicare the power to negotiate, making it the most popular provision in the Inflation Reduction Act. 

The Inflation Reduction Act brings down prescription drug costs for everyday Americans, especially seniors, by capping the price of insulin at $35 per month and providing free vaccines including shingles, giving Medicare the power to negotiate lower drug prices, and limiting the amount people have to pay each year for prescription drugs to $2,000 annually starting in 2025.  

Read more:

REPORT: Why Medicare Needs the Power to Negotiate for Lower Drug Costs: The Five Drugs That Tell the Story

FACT SHEET: Big Drug Companies Are in Court to Stop Medicare Negotiation and Protect Their Sky-High Profits

NEW REPORT: Protect Our Care Unveils New Report During Press Call with Rep. Pallone On “The Endless War: The MAGA Republican War on American Health Care”

Under Speaker Johnson’s Leadership, Republicans Will Continue Their Agenda of Hiking Drug and Health Insurance Costs, and Eliminating Crucial Protections for the American People

Watch the Event Here.

Read the Full Report Here.

Washington, D.C. — Today, Protect Our Care is releasing a new national report holding Republicans accountable for putting profits over people in their ongoing war on health care during a press call headlined by U.S. Representative Frank Pallone, Jr. (D-NJ-06). Geoff Garin, president of Hart Research, also joined the call and presented recent polling showing how unpopular the Republican war on health care is with the American people.

In Washington and across the country, Republican legislators and Republican-leaning Courts are continuing to attack essential health care, disproportionately targeting people of color, seniors, rural populations, people with disabilities, and the LGBTQI+ community. Right now, Republicans are pushing health care plans that hike costs and trying to repeal the Inflation Reduction Act that lowered care and prescription drug costs for millions of Americans — all to put drug companies back in charge at the expense of seniors across the nation. Republicans rallied behind Rep. Mike Johnson, who has a long history of fighting to raise health care costs and rip away critical protections from the American people, as the newest Speaker of the House. 

On the other hand, President Biden and Democrats in Congress continue to fight for the American people by working to build upon the Inflation Reduction Act and Affordable Care Act. Representative Pallone, joined by Representatives Neal, and Scott, has helped lead the way and introduced the Lowering Drug Costs for American Families Act which seeks to reduce prescription drug costs further for all Americans by expanding the drug price provisions to apply to private insurance, including price negotiation and inflation rebates. 

Report Key Points:

  • Every Republican in the House and Senate voted against the Inflation Reduction Act which lowers health care costs for millions of Americans and has vast support from voters of all parties. 
  • Big drug companies spent over $100 million trying to kill the Inflation Reduction Act, and they are spending even more to undermine the Medicare Drug Negotiation Program.
  • Republicans have released budget proposals that seek to repeal the Inflation Reduction Act’s Medicare negotiation program, hike premium costs, and impose deep cuts to Medicaid.
  • Republican-led states are moving far too quickly to throw people off of Medicaid without taking advantage of all the available tools to minimize coverage losses.
  • Republicans in Congress are pushing for bills that all promote insurance plans that eliminate protections for people with pre-existing conditions and do not include coverage of essential services like hospital visits and prescription drugs.
  • Republicans are leveraging their influence in a number of health care-related court cases such as Alliance for Hippocratic Medicine v. U.S. Food and Drug Administration, and Braidwood Management v. Becerra, as well as lawsuits filed by Merck, Bristol Myers Squibb, Johnson & Johnson-owned Janssen Pharmaceuticals, Boehringer Ingelheim, AstraZeneca, Novartis, and Novo Nordisk as well as mega lobbying groups The Pharmaceutical Research and Manufacturers of America (PhRMA) and the US Chamber of Commerce.

“We may have a new House Speaker, but Republicans are still trying to take away health care,” said U.S. Representative Frank Pallone, Jr. (D-NJ-06). “As today’s new report from Protect Our Care says, ‘Republicans’ position on health care is slash, sabotage, and repeal.’ Last night’s election results once again prove that Republicans are extremely out of touch. Democrats are unified in opposing Republicans’ extreme health care agenda and are focused on fighting to further lower health care and prescription drug costs for the American people.” 

“Looking towards 2024, health care can play a very decisive role in how voters vote,” said President of Hart Research Geoff Garin. “A large majority of voters say health care will play a large role in deciding their vote and Democrats and President Biden have powerful accomplishments that are broadly supported by diverse groups of voters, including many Republicans. Republicans are in a world of hurt on this issue. The rejection of their policies on health care has deepened when you talk about not just the policies themselves, but the real-world impacts of those policies – how they affect people’s health and their ability to afford the drugs they need to stay healthy.”

“Republicans are pushing their radical MAGA health care plans that harm the American people,” said Protect Our Care Executive Director Brad Woodhouse. “The GOP will stop at nothing to raise health costs, eliminate critical protections just so the rich can get richer, even if it means leaving their own constituents behind. They want to go back to the status quo of Americans struggling to make ends meet due to outrageous health costs just to line the pockets of drug company CEOs and other billionaires. Some things never change: Republicans want a health care plan that would be disastrous for the well-being of hardworking people across our country.”

PRESS CALL: Representative Pallone and Protect Our Care Call Out Republicans for Reigniting Their War on Health Care

***MEDIA ADVISORY FOR WEDNESDAY, NOVEMBER 8 AT 10:30 AM ET***

Under Speaker Johnson’s Leadership, Republicans Will Continue Their Agenda of Hiking Drug and Health Insurance Costs, and Eliminating Crucial Protections for the American People

Washington, DC — On Wednesday, November 8, 2023, at 10:30 AM ET, House Energy and Commerce Committee Ranking Member Frank Pallone, Jr. (D-NJ-06) will join Protect Our Care to discuss how the Republican party is working to rip away Americans’ access to affordable health care. From pushing health care plans that hike costs to trying to repeal the Inflation Reduction Act’s measures to lower prescription drug costs, Republicans have returned to some of their oldest schemes to put drug and insurance companies back in charge at the expense of American families. Recently, Republicans in the House of Representatives elected Rep. Mike Johnson as Speaker of the House. Johnson has a long history of fighting to raise health care costs and rip away critical protections from the American people. During the call, Protect Our Care will unveil a new report outlining Republicans’ mission to raise costs and undermine critical protections through legislation and the courts. Hart Research President Geoff Garin will also present recent polling showing how unpopular the Republican war on health care is with the American people. 

PRESS CALL:

WHO:
U.S. Representative Frank Pallone, Jr. (D-NJ-06)
Geoff Garin, President of Hart Research
Brad Woodhouse, Executive Director of Protect Our Care

WHAT: Virtual Press Conference 

WHERE: Register for the Event Here

WHEN: Wednesday, November 8, 2023, at 10:30 AM ET

NEW REPORT: Leading Civil Rights Organizations Call on State Leaders to Address History’s Deepest Medicaid Losses by Halting Medicaid Terminations for People Who May Still Be Eligible

New Report Finds That If All States Achieved Results Like Those in the 10 Best States, 4.5 Million People Would Not Have Been Disenrolled from Medicaid for Paperwork Reasons

Watch the Full Event Here.

Read the Full Report Here. 

Washington, DC – Today, U.S. Representative and Congressional Black Caucus Chair Steven Horsford and U.S Representative and Congressional Asian Pacific American Caucus Member Jill Tokuda joined leaders of civil rights and health equity organizations including Protect Our Care for a press call releasing a new report detailing how six months after Medicaid’s pandemic-era continuous coverage requirement ended, millions of people in America are being needlessly disenrolled from critical health care coverage because of missed paperwork, creating an avoidable civil rights and health equity disaster. 

According to the report, more people and more children have lost Medicaid in just six months of unwinding than during any two-year period in American history. The report estimates that more than half of families terminated from Medicaid come from communities of color, including 2.3 million Latinos, 1.8 million African Americans, 400,000 Asian Americans, Native Hawaiians and Pacific Islanders, and more than 400,000 Native Americans,  During the call, speakers called on state leaders to halt procedural disenrollments until they make major reforms that cut such disenrollments to the lowest achievable level.

The report finds that 10 million people have been disenrolled from Medicaid – more than 70% of whom were terminated for nothing more than missing paperwork. If all states performed as well as the states with the lowest rates of procedural disenrollment, two-thirds of procedural terminations would have been prevented, and 4.5 million people would not have been terminated because of missing paperwork. 

Last month, the Biden administration took an important step to address this crisis by requiring states to restore Medicaid to 500,000 people – mostly children – known to have been wrongly terminated. However, state leaders must make further major reforms to ensure that only people known to be ineligible are terminated from Medicaid.

The report is co-authored by the Asian and Pacific Islander American Health Forum, the Leadership Conference on Civil and Human Rights, NAACP, the National Council of Negro Women, the National Council of Urban Indian Health, the National Urban League, the Southern Poverty Law Center Action Fund, UnidosUS, the Coalition on Human Needs, and Protect Our Care. 

“We cannot afford to roll back the hard-fought progress we have made on Medicaid, which has helped to narrow racial disparities in health coverage and provide much-needed access to life-saving care in communities of color,” said U.S. Representative Steven Horsford (D-NV-04), Chair of the Congressional Black Caucus. “As a result of Medicaid “unwinding”, nearly 1.8 million Black Americans’ Medicaid coverage has been terminated in the last six months because of missing paperwork, which will only exacerbate existing disparities in access to health care for communities that we serve. The CBC joins our Tri-Caucus colleagues in calling for states to significantly cut rates of procedural terminations by renewing eligible families’ coverage and placing terminations on hold where possible, and by ensuring that beneficiaries have the necessary tools to complete their paperwork needed to determine their eligibility.”

“This report shows what we feared: since the end of the Medicaid continuous coverage requirement, we’ve seen one of the largest losses of health insurance coverage in American history,” said U.S. Representative Nanette Barragán (D-CA-44), ​​Chair of the Congressional Hispanic Caucus. “Millions of Americans, including almost 5 million Latinos, were able to access life-saving health insurance coverage because of the continuous coverage requirement. Now that the requirement has ended, millions of people and especially communities of color, are at risk of losing their health coverage. It’s critical that state leaders take all possible steps to minimize loss of coverage, including by pausing procedural disenrollments as soon as possible. We cannot allow more low-income communities to be left behind. While the Biden Administration has provided states guidance and flexibilities to address this crisis, states must do more to protect families from wrongfully losing Medicaid coverage.”

“As an executive board member of the Congressional Asian Pacific American Caucus and the co-chair of the bipartisan Rural Health Caucus, I know that access to health care is a matter of life and death for our communities of color across the country,” said U.S. Representative Jill Tokuda (D-HI-02), Member of the Congressional Asian Pacific American Caucus. “For too long, black and brown people have been disproportionally represented when it comes both to loss of Medicaid and negative health outcomes due to lack of health access. A majority of Hawaiʻi residents are AANHPI, and I have been particularly concerned about Medicaid redeterminations for our AANHPI communities. There is an ongoing need for in-language materials, community navigators, and outreach from trusted messengers to ensure AANHPI individuals can get the health services and resources they need and in a culturally competent manner. We need to meet patients where they are at. And in doing so, we can improve health outcomes and lower healthcare costs.”

“Advocates and lawmakers alike have been sounding the alarm about Medicaid Unwinding for over a year, urging states to lead and act promptly to preserve health coverage for millions of vulnerable families and children,” said Juliet K. Choi, President and CEO of the Asian & Pacific Islander American Health Forum. “Communities of color, including Asian Americans, Native Hawaiians and Pacific Islanders, are losing life-saving care due to administrative blunders and bureaucracy. We continue to call upon the Biden-Harris administration to act, and on states to mobilize the resources necessary to make sure no family or child is left behind.”

“It is a sad reality that it took a global pandemic for our nation’s elected leadership to expand life-saving healthcare services to hardworking Americans,” said Derrick Johnson, NAACP President & CEO. “The fact of the matter is, our healthcare system has long failed our most vulnerable. This data is further proof that the procedural disenrollment process is steeped in racism. We will not stand by while millions within our community are once again left without a lifeline. The NAACP stands with UnidosUS and other leading civil rights organizations to call for an immediate pause on all procedural Medicaid disenrollments. Our state leaders must make every effort to re-enroll those who have lost coverage, leveraging available data to verify eligibility or providing readily accessible support to complete the paperwork needed to confirm eligibility.”

The COVID-19 pandemic laid bare inequities in our healthcare system that have plagued the nation, particularly communities of color, for decades,” said Shavon Arline-Bradley, President and CEO of the National Council of Negro Women. “The termination of Medicaid benefitting our children, seniors, and qualified individuals prioritizes procedure over progress. While some states have gotten it right, we call on those states and their lawmakers that have allowed wrongful Medicaid disenrollment to not sit idly by while the constituents that elected them to office go without the critical care they need and deserve. As this comprehensive report shows, the state of health care is in crisis, and this must be reversed immediately.”

The Medicaid redetermination is proving to be perilous for communities of color, who are disproportionately losing coverage for red tape reasons,” said Marc H. Morial, President and CEO of the National Urban League. “We support the Biden-Harris administration’s actions to enforce the law and call on states to do more to protect their people from becoming uninsured.” 

“We are witnessing the deepest and steepest losses in Medicaid insurance coverage in our nation’s history,” said Eric Rodriguez, Senior Vice President, Policy and Advocacy at UnidosUS. “Many have been dropped from Medicaid due to nothing more than missing paperwork and red tape.  Communities of color — including 2.3 million Latinos — are bearing the brunt of those losses, making health care unaffordable for them and deepening already serious health inequities across the country. The report finds that most of those that have lost Medicaid health insurance coverage may have still been eligible and that despite having the funds, state leaders did not invest the money needed to protect families from being unjustly dropped from the program.”

“It is unacceptable that millions of Americans are losing life-saving health care because of preventable paperwork issues,” said Leslie Dach, Founder and Chair of Protect Our Care. Many of the states that are failing to keep people covered, like Texas, Georgia, and Florida, are the same ones that have rejected Medicaid expansion, leaving families with no place to turn for basic health care. If those states continue on the path of refusing to protect families who rely on Medicaid coverage, the consequences will be devastating, particularly for communities of color and children. Losing access to health care means people won’t get the care they need to stay healthy and thrive, often having to make difficult choices between visiting the doctor or keeping a roof over their heads. While the Biden administration has taken a number of important steps to address this crisis, these states must do more to protect families and stop inappropriately kicking people off Medicaid.”

“The nation’s Medicaid program is vital to the health and well-being of individuals and communities,” said Margaret Huang, president and CEO of the Southern Poverty Law Center and the SPLC Action Fund. “It is incredibly alarming that nearly 10 million people — including millions of children — have been terminated from this program largely because of unnecessary red tape. These ‘procedural’ terminations cause harm, especially to communities of color and children. They also deepen the current healthcare crisis in our Deep South states that have not yet expanded the program. Driving hundreds of thousands of people into not having health coverage is unacceptable and states must do more.”

“It is extremely troubling that some states are dropping huge numbers of people from their Medicaid programs because of bureaucratic hurdles, without even knowing whether they remain eligible,” said Deborah Weinstein, Executive Director of the Coalition on Human Needs.  “States with records so much worse than better-performing states should be required to pause terminations while they improve their systems.”

The report highlights the disproportionate impact Medicaid unwinding is having on Native communities,” said Francys Crevier (Algonquin), CEO of the National Council of Urban Indian Health. “Medicaid and CHIP coverage are critical to fulfilling the United States’ trust responsibility to maintain and improve Native health, as inadequate insurance coverage is a significant barrier to healthcare access for Native people. Eligible Native children and families are losing coverage for administrative reasons and the federal government has a trust obligation and must do more to protect them.”

“Medicaid pandemic coverage protections were a lifeline for people who struggled to pay all their bills, helping them to see a doctor if they were sick, or get other vitally necessary health care,” said Maya Wiley, president and CEO of The Leadership Conference on Civil and Human Rights. “Since pandemic coverage expired six months ago, we’ve seen the steepest Medicaid coverage losses in history. Make no mistake. Losing Medicaid coverage is losing that lifeline. Those losses have been disproportionately borne by the communities our coalition represents, including people of color, people with disabilities, children, older adults, low-wage workers, and so many others. This deepens and compounds unfair differences in who can and who can’t get the medical care they need. We urge state leaders to do everything in their power to keep eligible folks covered and prevent further catastrophe that is a deep problem for a country that once made great strides on civil rights.”

THIS WEEK: “Medicare is Better Than Ever” Tour Rolls On With Stops in Arizona, Nevada, and California

Director of the Center for Medicare Dr. Meena Seshamani, Maricopa County Supervisor Steve Gallardo, Pima County District 5 Supervisor Adelita Grijalva, Assemblyman Duy Nguyen, and HHS Regional Director Dr. Reynoso Will Headline Events in 3 States to Educate Seniors About Lower Drug Prices

Watch All Tour Stops Live Here.

Washington, D.C. — On the third week of the “Medicare is Better Than Ever” tour, Protect Our Care’s Medicare-A-Van will make stops in 3 states to educate seniors across the nation about new benefits thanks to legislation signed into law last year by President Biden. As seniors begin to enroll in their 2024 Medicare plans, they could save thousands of dollars on their prescription drug costs, with even more savings down the road. Over three weeks, Protect Our Care will travel to more than 10 states, make more than 25 stops, and travel over 7,000 miles.

The tour will highlight all of the new cost-saving benefits for seniors in the Inflation Reduction Act, including: 

  • Medicare negotiation for lower drug prices 
  • A $35 monthly copay cap on insulin 
  • Free shingles and other essential vaccinations
  • $2,000 out-of-pocket caps on prescription drugs beginning in 2025

For more information on why “Medicare is Better Than Ever,” read more here.

MONDAY

PHOENIX, ARIZONA:
WHO:
Dr. Meena Seshamani, Director, Center for Medicare, Centers for Medicare & Medicaid Services
Steve Gallardo, Supervisor, Maricopa County District 5
Mike Renaud, President and CEO, Valle del Sol Community Health Center
Linda Somo, Alliance for Retired Americans
Marshall Militano, storyteller

WHERE: Central Phoenix Valle del Sol Community Health Center, 3807 N 7th St, Phoenix, AZ 85014

WHEN: Monday, November 6, 2023 at 9:30 AM MT // 11:30 AM ET

TUSCAN, ARIZONA:
WHO:
Dr. Meena Seshamani, Director, Center for Medicare, Centers for Medicare & Medicaid Services
Adelita Grijalva, Supervisor and Chair of the Board of Supervisors, Pima County District 5
Dr. Matt Heinz, Supervisor, Pima County District 2
Mimi Coomler, CEO, Tucson Medical Center
Linda Khumalo, Medicare Program Coordinator, Pima Council on Aging

WHERE: Tucson City Hall, 255 W Alameda St, Tucson, AZ 85701

WHEN: Monday, November 6, 2023 at 1:00 PM MT // 3:00 PM ET

TUESDAY

LAS VEGAS, NEVADA:
WHO:
Assemblyman Duy Nguyen

 WHERE: Las Vegas Integrative Medicine Clinic, 2940 S. Jones Blvd, Las Vegas, NV 89146

WHEN: Tuesday, November 7, 2023 at 12:00 PM PT // 3:00 PM ET

WEDNESDAY

RENO, NEVADA:
WHO:
Shuyi Huang, Family Services Manager, Asian Community Development Council
Robin Pulido, storyteller
Patty Machal, storyteller

WHERE: Wat Buddhapradeep Temple, 1100 12th St, Sparks, NV 89431

WHEN: Wednesday, November 8, 2023 at 10:00 AM PT // 1:00 PM ET

SACRAMENTO, CALIFORNIA:

WHO:
HHS Regional Director Dr. Jeffrey Reynoso, Region 9
Kevin Wren, storyteller

WHERE: West Side of Capitol Building, 10th St, Sacramento, CA 95814

WHEN: Wednesday, November 8, 2023 at 3:00 PM PT // 6:00 PM ET

THURSDAY

LOS ANGELES, CALIFORNIA:
WHO:
Orange County Supervisor Katrina Foley
Naida Tushnet, storyteller
Jessica Nunez, Latino Coalition of LA 

WHERE: Laguna Hills Community Center, 25555 Alicia Pkwy, Laguna Hills, CA 92653

WHEN: Thursday, November 9, 2023 at 10:15 AM PT // 1:15 PM ET

SAN DIEGO, CALIFORNIA:
WHO:
Carlsbad Mayor Pro Tem Priya Bhat-Patel, City Council Member

WHERE: Carlsbad Senior Center, 799 Pine Ave, Carlsbad, CA 92008

WHEN: Thursday, November 9, 2023 at 2:30 PM PT // 5:30 PM ET

PRESS CALL: U.S. Rep. Horsford and Tokuda, Civil Rights Leaders Call on State Leaders to Address History’s Deepest Medicaid Losses by Halting Medicaid Terminations for People Who May Still be Eligible

***MEDIA ADVISORY FOR MONDAY, NOVEMBER 6 AT 3:00 PM ET // 12:00 PM PT***

New Report Finds That If All States Did as Well as the 10 Best States, Millions of People Would Not Have Been Terminated from Medicaid Because of Missing Paperwork

Washington, DC – On Monday, November 6, 2023 at 3:00 PM ET // 12:00 PM PT, U.S. Representatives Steven Horsford (D-NV-04) and Jill Tokuda (D-HI-02), will join civil rights leaders and Protect Our Care for a press conference to call on state leaders to halt procedural disenrollments from Medicaid until they have reduced such terminations to the lowest achievable level. Over 70% of those disenrolled were terminated because of nothing more than missing paperwork. The groups will release a new report detailing how, only six months into the unwinding of the pandemic-era Medicaid continuous eligibility requirements, more people have lost Medicaid than during any two-year period in history, more than have of whom are from communities of color. The report will provide the country’s first documentation of several things: (1) the size of current coverage losses, compared to past losses; (2) the racial and ethnic composition of people terminated from Medicaid; and (3) the central importance of state variation in driving Medicaid terminations. 

Congress passed legislation at the beginning of the COVID-19 pandemic to protect access to Medicaid by ensuring no one could be disenrolled during the public health emergency. This provision, which has helped secure the lowest level of uninsured Americans ever, expired on April 1. 

The report is co-authored by 10 leading civil rights and health equity organizations: the Asian and Pacific Islander American Health Forum, The Leadership Conference on Civil and Human Rights, NAACP, the National Council of Negro Women, the National Urban League, the National Council of Urban Indian Health, the Southern Poverty Law Center, UnidosUS, the Coalition on Human Needs, and Protect Our Care. 

PRESS CALL:

WHO:
U.S. Representative Steven Horsford (D-NV-04), Chair, Congressional Black Caucus
U.S. Representative Jill Tokuda (D-HI-02), Member, Congressional Asian Pacific American Caucus
Juliet K. Choi, President and CEO, Asian & Pacific Islander American Health Forum
Derrick Johnson, President and CEO, National Association for the Advancement of Colored People
Shavon Arline-Bradley, President and CEO, National Council of Negro Women
Marc Morial, President and CEO, National Urban League
Eric Rodriguez, Senior Vice President for Policy and Advocacy at UnidosUS
Leslie Dach, Chair, Protect Our Care

WHAT: Virtual Press Conference 

WHERE: Register for the Event Here

WHEN: Nov 6, 2023 at 3:00 PM ET // 12:00 PM PT

Week Two: “Medicare is Better Than Ever” Tour Rolled Into Virginia, North Carolina, and Georgia

HHS Regional Director, State and City Officials Headlined “Medicare is Better Than Ever” Tour Events to Educate Seniors About Lower Drug Prices

On the second week of Protect Our Care’s 7,000-mile “Medicare is Better Than Ever” tour, the Medicare-A-Van made stops in three states to educate seniors across the nation about new benefits thanks to legislation signed into law last year by President Biden. As seniors begin to enroll in their 2024 Medicare plans, they could save thousands of dollars on their prescription drug costs, with even more savings down the road.

During each stop, local elected officials, health care advocates, and storytellers discussed how the Inflation Reduction Act will improve care and lower costs for American seniors. Protect Our Care also made headlines across the nation educating seniors on the new benefits under the Inflation Reduction Act, including free vaccines, $35 insulin caps, protections from outrageous price hikes, and lower drug costs thanks to Medicare negotiation.

Next week, the tour continues in Arizona, Nevada, and California. Over three weeks, the Medicare-A-Van will travel to more than 10 states, make more than 25 stops, and travel over 7,000 miles.

Watch All Tour Stops Here

HARRISONBURG, VIRGINIA

Harrisonburg Mayor Deanna Reed joined Protect Our Care’s “Medicare is Better Than Ever” tour with health care advocates at Ralph Sampson Park in Harrisonburg to highlight all of the new cost-saving benefits for seniors in the Inflation Reduction Act which will lower premiums and prescription drug costs. 

Coverage:

Watch the event here.

ROANOKE, VIRGINIA

Roanoke Mayor Sherman Lea and Delegate Sam Rasoul joined Protect Our Care’s “Medicare is Better Than Ever” tour with health care advocates at the Martin Luther King Jr. Memorial in Roanoke to highlight all of the new cost-saving benefits for seniors in the Inflation Reduction Act which will lower premiums and prescription drug costs. 

Coverage:

  • WDBJ (CBS): Medicare is Better Than Ever Tour Stops in Roanoke

Watch the event here.

RALEIGH, NORTH CAROLINA

State Representative Sarah Crawford joined Protect Our Care’s “Medicare is Better Than Ever” tour with health care advocates at Moore Square Park in Raleigh to highlight all of the new cost-saving benefits for seniors in the Inflation Reduction Act which will lower premiums and prescription drug costs. 

Coverage:

  • WNCN (CBS) The Medicare is Better than Ever Van Tour comes to Raleigh

Watch the event here.

GREENSBORO, NORTH CAROLINA

Mayor Pro Tem Yvonne Johnson joined Protect Our Care’s “Medicare is Better Than Ever” tour with health care advocates at City Center Park in Greensboro to highlight all of the new cost-saving benefits for seniors in the Inflation Reduction Act which will lower premiums and prescription drug costs. 

Watch the event here.

EAST POINT, GEORGIA

HHS Regional Director Antrell Tyson headlined Protect Our Care’s “Medicare is Better Than Ever” tour with state officials and health care advocates at the H.J.C. Bowden Senior Multipurpose Facility in East Point to highlight all of the new cost-saving benefits for seniors in the Inflation Reduction Act which will lower premiums and prescription drug costs. 

Watch the event here.

LITHONIA, GEORGIA

HHS Regional Director Antrell Tyson, Demetrius E. McCoy with DeKalb Commissioner Mereda Johnson’s office and Kathy Register with Congressman Hank Johnson’s office joined Protect Our Care’s “Medicare is Better Than Ever” tour and health care advocates at the Lou Walker Senior Center in Stonecrest to highlight all of the new cost-saving benefits for seniors in the Inflation Reduction Act which will lower premiums and prescription drug costs. 

Watch the event here.

Additional “Medicare Autumn” Coverage

NATIONAL

CONNECTICUT

MICHIGAN

OHIO

SOUTH CAROLINA

  • WCIV: Protect Our Care

TEXAS

PRESS CALL: Leading Civil Rights Organizations Call on State Leaders to Address History’s Deepest Medicaid Losses by Halting Medicaid Terminations for People Who May Still be Eligible

***MEDIA ADVISORY FOR MONDAY, NOVEMBER 6 AT 3:00 PM ET // 12:00 PM PT***

New Report Finds That If All States Did as Well as the 10 Best States, Millions of People Would Not Have Been Terminated from Medicaid Because of Missing Paperwork

Washington, DC – On Monday, November 6, 2023 at 3:00 PM ET // 12:00 PM PT, civil rights leaders will join Protect Our Care for a press conference to call on state leaders to halt procedural disenrollments from Medicaid until they have reduced such terminations to the lowest achievable level. Over 70% of those disenrolled were terminated because of nothing more than missing paperwork. The groups will release a new report detailing how, only six months into the unwinding of the pandemic-era Medicaid continuous eligibility requirements, more people have lost Medicaid than during any two-year period in history, more than have of whom are from communities of color. The report will provide the country’s first documentation of several things: (1) the size of current coverage losses, compared to past losses; (2) the racial and ethnic composition of people terminated from Medicaid; and (3) the central importance of state variation in driving Medicaid terminations. 

Congress passed legislation at the beginning of the COVID-19 pandemic to protect access to Medicaid by ensuring no one could be disenrolled during the public health emergency. This provision, which has helped secure the lowest level of uninsured Americans ever, expired on April 1. 

The report is co-authored by 10 leading civil rights and health equity organizations: the Asian and Pacific Islander American Health Forum, The Leadership Conference on Civil and Human Rights, NAACP, the National Council of Negro Women, the National Urban League, the National Council of Urban Indian Health, the Southern Poverty Law Center, UnidosUS, the Coalition on Human Needs, and Protect Our Care. 

PRESS CALL:

WHO:

Juliet K. Choi, President and CEO, Asian & Pacific Islander American Health Forum
Derrick Johnson, President and CEO, National Association for the Advancement of Colored People
Shavon Arline-Bradley, President and CEO, National Council of Negro Women
Marc Morial, President and CEO, National Urban League
Eric Rodriguez, Senior Vice President for Policy and Advocacy at UnidosUS
Leslie Dach, Chair, Protect Our Care

WHAT: Virtual Press Conference 

WHERE: Register for the Event Here

WHEN: Nov 6, 2023 at 3:00 PM ET // 12:00 PM PT

GREED WATCH: Astellas Announces More Than $5 Billion In Revenue Growth Amid Historic Acquisition

Astellas announced it raked in $5.07 billion this quarter – a $32 million increase over last year – during their earnings report today. While they make billions, Americans pay exorbitantly high prices for prescription drugs. Astellas opposes the Biden administration reforms that lower prescription drug prices. 

  • During the call, CEO Naoki Okamura bragged: “We will achieve significant growth in revenue and profits towards 2025. This initial plan hasn’t been changed and we will continue to aim to achieve our goals.”
  • Astellas announced it rewarded its shareholders by paying a dividend in September at a rate 15 percent higher than the previous year.
  • Astellas was a part of the lawsuit against the Biden administration to stop Medicare from negotiating lower drug prices for patients because it would endanger their massive profits, but voluntarily dismissed after their products were not among the first ten drugs selected for Medicare price negotiation. 
  • In July, Astellas also completed its acquisition of Iveric Bio, a drug manufacturer specializing in ophthalmology treatments. Drug companies erroneously claim Medicare negotiation will threaten investment in innovative drugs, but Astellas is betting an expanded drug portfolio will be good for their bottom line; Astellas paid $5.9 billion for Iveric.
  • Drug companies charge Americans prices up to four times higher than prices in other countries, forcing patients to cut pills and skip doses to make ends meet. 
  • Over 80 percent of voters support giving Medicare the power to negotiate, making it the most popular provision in the Inflation Reduction Act. 

The Inflation Reduction Act brings down prescription drug costs for everyday Americans, especially seniors, by capping the price of insulin at $35 per month and providing free vaccines including shingles, giving Medicare the power to negotiate lower drug prices, and limiting the amount people have to pay each year for prescription drugs to $2,000 annually starting in 2025.  

Read more:

REPORT: Why Medicare Needs the Power to Negotiate for Lower Drug Costs: The Five Drugs That Tell the Story

FACT SHEET: Big Drug Companies Are in Court to Stop Medicare Negotiation and Protect Their Sky-High Profits