Pallone Highlights Build Back Better Act's Provisions to Lower Prescription Drug and Health Care Costs in Piscataway

Statement

Congressman Frank Pallone, Jr. (NJ-06) held a press conference in Piscataway today with local elected officials and health care advocates to highlight provisions in the Build Back Better Act that will lower prescription drug costs and make health care more affordable and accessible.

As Chairman of the Energy and Commerce Committee, Pallone spearheaded House passage of key provisions in the Build Back Better Act this month. The bill finally empowers the federal government to negotiate lower drug costs for seniors, caps what seniors pay for their drugs in Medicare Part D, and helps older Americans access affordable hearing care by expanding Medicare coverage. The bill allows the federal government to negotiate insulin prices and lowers those prices to no more than $35 a month for Americans with diabetes. The Build Back Better Act also extends Affordable Care Act premium tax credit enhancements that make health care more affordable for millions of Americans.

"At a time when American families are struggling to make ends meet, the Build Back Better Act builds on our efforts to make health care more affordable and accessible for everyone. We pay more for prescription drugs than any other country in the world, and as a result too many New Jerseyans do not take their medications as prescribed," said Pallone. "The Build Back Better Act makes prescription drugs more affordable by finally giving Medicare the ability to negotiate lower drug prices with pharmaceutical companies. Seniors will also pay no more than $2,000 a year in out-of-pocket costs for their drugs, and the legislation penalizes Big Pharma companies that unfairly raise prices. The bill also provides, for the first time, comprehensive hearing benefits under Medicare Part B. With House passage of this historic bill, we are one step closer to getting it to President Biden's desk."

"Enabling grandparents to live close to their grandchildren is a priority of families and a priority of Piscataway," said Mayor Brian C. Wahler. "That is why I am thrilled with the game-changing health care provisions of the Build Back Better bill for seniors on a budget. In our Township with dedicated affordable housing, a free Senior Center, and low cost for our Community Center, retirement in Central New Jersey is being realized by many elderly residents. With lower drug costs and expanding Medicare under this bill, even more retirees will be able to enjoy their golden years in New Jersey and live rewarding lives alongside their families."

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