[Congressional Record Volume 168, Number 148 (Wednesday, September 14, 2022)]
[House]
[Page H7788]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
LOWERING COSTS TO AMERICAN FAMILIES
The SPEAKER pro tempore. The Chair recognizes the gentlewoman from
Texas (Ms. Garcia) for 5 minutes.
Ms. GARCIA of Texas. Madam Speaker, I rise today to celebrate the
recent passage of the Inflation Reduction Act. My fellow colleagues,
yesterday, I joined many of my House Democrats alongside Democratic
President Biden as we celebrated the passage of this new law at the
White House.
During the White House visit, I kept thinking of the millions of
Americans this monumental law will help. I also kept thinking about the
Texans and constituents across my district who will benefit
significantly from the impact of this law. The Inflation Reduction Act
will lower families' costs with savings ranging from healthcare to
energy costs. But if we look closely, we see just how important and
lifesaving this law is. This law lowers prescription drug prices, like
insulin, which is critical, by finally giving Medicare the ability to
negotiate prices of prescription drugs--not just simply accept what Big
Pharma says but negotiate prices.
It also prevents greedy price hikes and caps out-of-pocket costs to
$2,000 to Medicare beneficiaries--capping out-of-pocket at $2,000.
Madam Speaker, for residents like those in my district, Texas' 29th
District, these savings can literally save lives.
My district is 77 percent Latino. Studies from the CDC show that
Latinos are 70 percent more likely than white non-Hispanics to be
diagnosed with diabetes, and they are 1.3 times more likely to die from
diabetes complications. On top of this, about 11 percent of Texans have
diabetes.
Shockingly, studies show that one in four diabetics in Texas have
rationed their insulin to make ends meet. They are literally putting
themselves at risk of death and more complications because of the price
of insulin.
Let's just let that sink in, Madam Speaker. One in four diabetics
ration a lifesaving drug simply because the prices are high and because
our country has higher prescription drug prices than any other
developed country in the world.
This simply breaks my heart. It is tough to think about this because
this issue also does hit very close to home. I know all too well people
who have family members that are suffering from diabetes. I know their
pain, and I know how it impacts their livelihoods and their
pocketbooks.
My mother faced uphill battles with diabetes before passing away from
complications due to diabetes.
{time} 1015
Now, I am 1 of 10 children. Five of us are also affected by diabetes
and are on insulin, and a brother is on dialysis. So, I know firsthand
how important insulin is to one's health, and I can't fathom a country
where people can't afford this lifesaving drug.
While more must be done for those diabetic patients not on Medicare,
this law is a monumental, great step forward in making insulin
accessible to all. But I promise to keep fighting for those who are not
on Medicare, those who are not insured, and those who are too poor to
get access to insulin.
The Inflation Reduction Act also reduces the cost of health insurance
for millions by extending the Affordable Care Act subsidies for 3 more
years. This will lock in lower healthcare prices that will save 13
million people across our country an average of $800.
Now, $800 may not sound like a lot to some people, but in my district
and across America, hardworking families know the value of $800. In my
district, Madam Speaker, there are about 55,000 people who are enrolled
in health insurance plans through the Affordable Care Act. That is
about $800 for these Texas families to use for school supplies, for
food, for gas, and for other basic necessities.
So, the passage of the Inflation Reduction Act is a massive victory
for the people in my district and districts across America.
This is what happens when we have strong leadership in the White
House and when House Democrats work together, because they put people
first.
Madam Speaker, it is all about putting people first.
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