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Drug prices in the United States are higher than in any other peer country. People are forced to choose between their medications and necessities like food or rent and are rationing, skipping, or not filling prescriptions all because of the cost! In 2021, Congress passed the Inflation Reduction Act (IRA), one of the most significant drug pricing laws to ever be passed in the United States.
It has been exactly one year since the Inflation Reduction Act was signed into law, putting significant drug pricing reforms into effect that both expand access to medication and make it more affordable for those why rely on Medicare. Since then, the Biden administration has been working to ensure those reforms are creating lasting, tangible benefits for the millions of older adults and people with disabilities who rely on Medicare for their overall health and wellness.