STATEMENT: Senate Democrats Pass Inflation Reduction Act To Lower Drug Prices, Make Health Care and Energy Costs More Affordable
For Immediate Release: August 7, 2022 Contact: Kirstin Snow, snow@pennbpc.org Senate Democrats Pass Inflation Reduction Act To Lower Drug Prices, Make Health Care and Energy Costs More Affordable Historic Bill to Curb Big Pharma and Make Corporations Pay What They Owe Moves Towards Passage Harrisburg, PA — Following the U.S. Senate’s passage of the Inflation Reduction Act—a bill that will enact historic drug pricing reform, reduce health insurance costs, lower energy costs, and reduce the national deficit—Marc Stier, director of the Pennsylvania Budget and Policy Center, released the following statement: The U.S. Senate’s vote to pass the Inflation Reduction Act makes historic progress on many fronts. It takes a huge step forward in addressing the threat of climate change by investing $370 billion in a series of incentives to encourage the replacement of fossil fuels with clean, renewable energy. This legislation will put the United States on a path… Continue reading