[Congressional Record Volume 168, Number 149 (Thursday, September 15, 2022)]
[House]
[Page H7848]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                      DEMOCRATS REIN IN INFLATION

  (Ms. SCANLON asked and was given permission to address the House for 
1 minute.)
  Ms. SCANLON. Mr. Speaker, for far too long, families in my district 
and across the country have struggled with rising healthcare and 
prescription drug costs. So, I am pleased to report that relief is on 
the way, thanks to Democrats' passage of the Inflation Reduction Act 
this summer.
  This act reins in out-of-control healthcare costs and will make a 
real difference in family budgets by extending tax credits for health 
insurance, capping prescription drug costs for seniors at $2,000 a 
year, capping insulin costs for seniors at $35 a month, and allowing 
Medicare to negotiate lower prices with drug companies.
  A family of four in Ridley Park could save more than $2,800 in annual 
health insurance premiums. A senior couple in Media could save more 
than $13,000 in yearly healthcare costs.
  If the Inflation Reduction Act's $35 insulin copay had been in effect 
in 2020, a Springfield resident who uses NovoLog could have saved 
$1,300 a year.
  Importantly, all these benefits are fully paid for by making the 
biggest corporations and billionaires pay their fair share.

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