Inflation Reduction Act’s Health Care Savings Emphasized during HHS Secretary’s Visit to Kennett Square
TL/DR –
U.S. Secretary of Health and Human Services Xavier Becerra visited LCH Health and Community Services in Kennett Square to discuss the impacts of the 2022 Inflation Reduction Act on healthcare. The Act has provisions to lower healthcare costs for Americans, especially by allowing Medicare to negotiate directly with pharmaceutical companies. It has significantly reduced prescription drug costs in Pennsylvania, with a $35 cap on Medicare-covered insulin products and substantial increases in Medicare enrollees receiving free vaccines.
US Health Secretary Becerra Visits LCH Health Services in Kennett Square, PA
KENNETT SQUARE, PA — This National Nurses Week witnessed U.S. Secretary of Health and Human Services Xavier Becerra touring the LCH Health and Community Services, discussing 2022 Inflation Reduction Act’s impact on healthcare affordability with Representative Chrissy Houlahan (D-PA).
Implications of the 2022 Inflation Reduction Act on Healthcare Costs
Becerra emphasized the act’s provisions to lower healthcare costs, highlighting Medicare’s ability to negotiate directly with pharmaceutical companies. He stated, “With Medicare negotiating drug prices, we’re building a more equitable healthcare system.”
Houlahan also lauded the significance of Becerra’s visit, remarking, “The Inflation Reduction Act leads to invaluable savings on prescription drugs for Medicare enrollees and marks strides towards a healthier nation.”
Reduced Prescription Drug Costs and Increased Accessibility at LCH
Ronan W. Gannon, CEO of LCH Health and Community Services, highlighted the administration’s efforts in combating high healthcare costs. More than half the center’s patients are uninsured and its sliding fee discounts make healthcare accessible to everyone.
The Inflation Reduction Act has reduced prescription drug costs notably, capping Medicare-covered insulin products at $35 and saving significant out-of-pocket expenses for Pennsylvanians. The HHS data reveals increased Medicare enrollees receiving free vital vaccines, indicating the act’s vast impact onpublic health.
Landmark Legislation Promises Affordable Healthcare
This legislation allows direct negotiation of drug prices by Medicare for the first time, promising enduring benefits for beneficiaries. Becerra’s visit to Kennett Square underscores the administration’s dedication to making healthcare in America more accessible and affordable.
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