3 things everyone should know about the Inflation Reduction Act

Today, I signed the Inflation Reduction Act into law — one of the most significant laws in recent history.

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With this law, the American people won and special interests lost.

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The Inflation Reduction Act does so many things that so many of us have fought to make happen for years and years.

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There are three things everyone should know about the Inflation Reduction Act. First, we are lowering costs for working families.

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We are giving Medicare the power to negotiate for lower prescription drug prices.

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Seniors will pay less for their prescription drugs. The law caps their prescription drug out-of-pocket costs at $2,000 a year

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no matter how many prescriptions they have. The big drug companies spent nearly $100 million to beat this law. We prevailed.

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The Inflation Reduction Act locks in place lower health care premiums for millions of families who get coverage under the Affordable Care Act.

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Thirteen million people will see average savings of $800 a year, in addition

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