The Inflation Reduction Act Will 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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Drug Corporations Plan Price Increases on Life-Saving Medications Despite Billions in Increased Profits
January 30, 2023: Major pharmaceutical corporations are set to increase prices on over 350 unique medications this month, continuing a trend of drug industry profiteering, according to Accountable.US and Reuters. A previous Accountable.US report sh Read More >
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HHS Announces Key Dates for Implementation of Medicare Drug Price Negotiation
January 17, 2023: The U.S. Department of Health and Human Services (HHS) has announced key 2023 dates for the Medicare Drug Price Negotiation Program which lowers drug costs for millions of Americans. For the first time in history, because of th Read More >
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House Investigation into Alzheimer’s Drug Places Blame on FDA, Biogen
January 09, 2023: The Food and Drug Administration’s process for approving the Alzheimer’s drug Aduhelm, despite great uncertainty about whether it worked, was “rife with irregularities,” according to a congressional investigation. The repo Read More >
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Kaiser Health News: States Challenge Biden to Lower Drug Prices by Allowing Imports From Canada
December 21, 2022: The Biden administration is facing mounting pressure from states to let them import medicine from Canada to help lower prescription drug costs. Colorado on Dec. 5 became at least the fourth state to seek federal permission to u Read More >
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Kaiser Health News: Paxlovid Has Been Free So Far. Next Year, Sticker Shock Awaits.
December 09, 2022: Nearly 6 million Americans have taken Paxlovid for free, courtesy of the federal government. The Pfizer pill has helped prevent many people infected with covid-19 from being hospitalized or dying, and it may even reduce the ris Read More >
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Seniors Laud President Biden’s Executive Order Further Lowering Drug Costs
October 14, 2022: The following statement was issued by Richard Fiesta, Executive Director of the Alliance for Retired Americans, regarding the Executive Order directing the Department of Health and Human Services to explore additional actions it c Read More >
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Retiree Group Endorses Jahana Hayes for Re-election to U.S. House
August 30, 2022: Cites Commitment to Expanding and Protecting Earned Social Security and Medicare Benefits, Lowering Drug Prices Waterbury, CT - Members of the Alliance for Retired Americans proudly announced their endorsement of Jahana Hayes f Read More >
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Retiree Group Endorses Richard Blumenthal for Re-election to U.S. Senate
August 29, 2022: Cites His Commitment to Expanding and Protecting Earned Social Security and Medicare Benefits West Hartford, CT - Members of the Alliance for Retired Americans proudly announced their endorsement of Richard Blumenthal for re-e Read More >
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Seniors Rejoice as President Biden Makes Lower Drug Prices for Older Americans the Law of the Land
August 16, 2022: Members of the Alliance for Retired Americans celebrated President Biden’s signing of the Inflation Reduction Act (IRA) into law on Tuesday following recent passage of the legislation by the U.S. Senate and House of Representati Read More >
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Fact Sheet: The Inflation Reduction Act and Prescription Drug Prices
August 16, 2022: One in four people over the age of 65 report not taking at least one prescription drug as prescribed due to its cost. Meanwhile, pharmaceutical corporations are making record profits, lining the pockets of their executives and sha Read More >