The Inflation Reduction Act Continues to Lower Drug Prices
On August 16, 2022, President Biden signed the Inflation Reduction Act into law. It means lower prescription drug prices for millions of Medicare beneficiaries.
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Skyrocketing drug prices have forced millions of Americans, especially seniors and retirees, to choose between paying for medicine and paying for other basics like food and shelter.
Congress must take action to rein in pharmaceutical corporations and lower drug prices once and for all.
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State of the Union: Retirees Call on President Biden to Continue Lowering Prescription Drug Prices and Keeping Social Security and Medicare Cuts off the Table
March 07, 2024: The following statement was issued by Richard Fiesta, Executive Director of the Alliance for Retired Americans, regarding President Biden’s State of the Union address: “Tonight President Biden told the American people that Read More >
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KFF Health News: The FTC Is Attacking Drugmakers’ ‘Patent Thickets’
February 01, 2024: The Federal Trade Commission has challenged the validity of over 100 drug product patents, focusing on devices used to deliver medicines, like inhalers and autoinjectors, in an effort to increase competition and potentially lower Read More >
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Pharmaceutical Corporations Expected to Raise Prices on Over 500 Drugs This Month
January 05, 2024: Some of the largest American pharmaceutical companies, including Pfizer, Sanofi, and Takeda Pharmaceutical, plan to raise prices on over 500 drugs starting this month according to data analyzed by healthcare research firm 3 Axis A Read More >
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Lower Insulin Prices, Out-of-Pocket Cost Caps for Medicare Beneficiaries Kick Off 2024
January 05, 2024: Medicare beneficiaries will see a wide array of cost-saving benefits in the new year. Thanks to the Biden Administration, seniors will continue to pay no more than the monthly cap of $35 for insulin, and vaccines under Part D will Read More >
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Statement by Retiree Leader Richard Fiesta on House Speaker Mike Johnson’s Plan for a Debt Commission
October 25, 2023: The following statement was issued by Richard Fiesta, Executive Director of the Alliance for Retired Americans, regarding Speaker Mike Johnson's record of voting against older Americans’ best interests and his announcement that Read More >
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KFF Health News: Trump Misplaced Blame When He Said Drug Shortages Were Biden’s Fault
October 12, 2023: “Under ‘Crooked Joe’ Biden, there has been a catastrophic increase in shortages of essential medicines.” - Former president and current Republican presidential candidate Donald Trump, in a July 24 campaign video In Read More >
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KFF Health News: Save Billions or Stick With Humira? Drug Brokers Steer Americans to the Costly Choice
September 21, 2023: Tennessee last year spent $48 million on a single drug, Humira — about $62,000 for each of the 775 patients who were covered by its employee health insurance program and receiving the treatment. So when nine Humira knockoffs, kn Read More >
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America’s Work Force Union Podcast: Medicare Drug Price Negotiations Continue to Impact Retirees
September 15, 2023: September 15, 2023 Alliance Executive Director Rich Fiesta joined the America’s Work Force Union Podcast to discuss the fight for Medicare to negotiate prescription drug prices, the impact on retirees and the need for Soc Read More >
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Alliance Members Spread the Word about the Benefits of Medicare Drug Price Negotiation
September 07, 2023: Days after the Biden-Harris administration unveiled the list of 10 prescription drugs that will be subject to Medicare price negotiation, Alliance members across the country joined elected leaders and Cabinet officials to inform o Read More >
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White House Announces First 10 Drugs Up for Medicare Price Negotiation
September 01, 2023: On Tuesday, the Biden-Harris administration unveiled a list of the 10 prescription drugs that Medicare will negotiate lower prices for with drug corporations. The list has several drugs that many seniors use, including Eliquis Read More >