As of January 1, 2023, Insulin Is Capped at $35 a Month for Insulin for Medicare Beneficiaries, and Adults on Medicare Part D Will Have Access to Vaccines at No Cost
Thanks to the leadership of President Biden and Democrats in Congress for passing the Inflation Reduction Act, millions of seniors will start the new year by saving big on their health care costs. The shingles vaccine is now free for seniors and Medicare recipients will no longer have to pay more than $35 on insulin per month, delivering widespread, immediate relief to millions. These policies do more than save money, they save lives. These policies will be a lifeline for millions of Americans, particularly seniors, people of color, rural Americans, and people with disabilities. Too many seniors on fixed incomes are up at night worried about paying the bills, but this new law will finally give some breathing room to seniors who have worked hard their whole lives.
President Biden: “As of this moment, a month’s supply of insulin will be capped at $35 for anyone on Medicare. $35. That’s it.” [1/1/23]
HHS Secretary Xavier Becerra: “It’s officially 2023! Which means new savings for seniors start today. With the Inflation Reduction Act, @POTUS has delivered on lowering health care costs for Americans.” [1/1/23]
HHS Secretary Xavier Becerra: “Happy New Year! Today begins the cap on insulin copays for #Medicare beneficiaries. For patients ages 65+, @POTUS’ #InflationReductionAct is continuing to lower prescription drug costs and help those who struggle to cover the costs of insulin.” [1/1/23]
Speaker Nancy Pelosi: “Starting today, thanks to relentless patient advocates and courageous Democrats, insulin for which Big Pharma charged hundreds of dollars per month will be capped at $35 per month for seniors on Medicare. We’ll keep fighting to expand health care and lower costs.” [1/1/23]
Senator Amy Klobuchar: “For too long, Americans have paid the highest prices in the world for prescription drugs. Thanks to legislation we passed to allow Medicare to negotiate lower drug prices, help is on the way.” [1/2/23]
Senator Mark Warner: “BIG NEWS: As of TODAY, those on Medicare will have their insulin capped at $35/month.” [1/1/23]
Senator Elizabeth Warren: “Insulin out-of-pocket costs are now capped at $35 a month for Americans on Medicare. Every Republican voted against this life-changing policy. Democrats are making government work for the people.” [1/2/23]
Senator Tina Smith: “A great way to ring in the new year: a $35 cap on insulin for seniors.” [1/1/23]
Senator Reverend Raphael Warnock: “GREAT NEWS: If you’re an insulin user on Medicare, as of *today* your out-of-pocket insulin costs are now capped at $35 a month! I’m so proud we got this part of my #AffordableInsulinNow Act done—and I’m going to keep fighting to get the rest of the bill over the finish line.” [1/1/23]
Congressman Bill Pascrell Jr.: “Democrats capped the price of insulin for millions of Americans. Republicans blocked our efforts to cap insulin for all Americans but we will keep trying.” [12/31/22]
Congresswoman Barbara Lee: “Now that it’s officially 2023, seniors will pay NO MORE than $35/month for their insulin—thanks to the Inflation Reduction Act (and no thanks to Republicans, who all voted against it). This is life-changing.” [1/2/23]
Congressman Adam Schiff: “Insulin is now capped at $35 for Americans on Medicare. Every single Republican voted AGAINST lowering the cost. While Democrats voted FOR lowering your health care costs. We know what side Republicans in Congress are on. And it isn’t yours.” [1/2/23]
Congresswoman Yvette Clarke: “By this time tomorrow, no seniors on Medicare will ever be charged more than $35 a month for their insulin again. That’s progress.” [12/31/22]
Congressman Ruben Gallego: “On Jan. 1, our legislation to lower healthcare costs takes effect. That means: Lower Medicare prescription drug prices through price negotiation w/ manufacturers, Capped out-of-pocket prescription drug costs in Medicare, & lower ACA health insurance premiums. It’s a big deal!” [12/30/22]
Congresswoman Pramila Jayapal: “Starting TODAY, thanks to the American Rescue Plan, the cost of insulin will be capped at $35/month out of pocket for seniors on Medicare. That’s real savings for millions. Democrats are delivering!” [1/1/23]
Congressman Colin Allred: “Great news: thanks to the Inflation Reduction Act, seniors on Medicare will now get the shingles vaccine for free next year, saving over $100 on their shots.” [12/28/22]
Congressman Ritchie Torres: “Starting in January, the Inflation Reduction Act will cap the price of insulin at $35 a month for senior citizens on Medicare. Thank you, President Biden and House Democrats, for delivering for everyday Americans.” [12/29/22]
White House Chief of Staff Ronald Klain: “A major achievement in 2022: the price of insulin capped at $35 for seniors. A major agenda item for 2023: extending that cap to cover everyone.” [12/30/22]