Visit by HHS Secretary to Kennett Square Showcases Health Care Savings from Inflation Reduction Act

Secretary of Health and Human Services Visits LCH Health and Community Services

In a recent visit to Kennett Square, U.S. Secretary of Health and Human Services Xavier Becerra, alongside Representative Chrissy Houlahan (D-PA), explored the impact of the 2022 Inflation Reduction Act on healthcare accessibility and affordability during National Nurses Week.

Key Provisions of the Inflation Reduction Act

Secretary Becerra highlighted the act’s groundbreaking provisions, including Medicare’s newfound ability to negotiate directly with pharmaceutical companies. This move aims to lower healthcare costs for Americans and create a more equitable healthcare system for future generations.

Praise for the Inflation Reduction Act

Representative Houlahan commended Secretary Becerra’s visit, emphasizing the act’s role in generating savings on prescription drugs and reducing out-of-pocket expenses for Medicare enrollees. The act is seen as a significant step towards a healthier future for all Americans.

CEO’s Perspective on Healthcare Costs

Ronan W. Gannon, CEO of LCH Health and Community Services, applauded the administration’s efforts to address high healthcare costs and prescription drug expenses. He highlighted the center’s use of sliding fee discounts to ensure healthcare access for all, aligning with national health centers’ initiatives.

Impact on Pennsylvanians

The Inflation Reduction Act has notably reduced prescription drug costs for Pennsylvanians, introducing a $35 cap on Medicare-covered insulin products and promising significant out-of-pocket savings. HHS data shows an increase in Medicare enrollees receiving essential vaccines free of charge, highlighting the act’s broader impact on public health.

Transformation of Healthcare in America

This landmark legislation allows Medicare to directly negotiate drug prices for the first time, ensuring lasting benefits for current and future beneficiaries. Secretary Becerra’s visit underscores the administration’s commitment to reshaping healthcare in America, making it more accessible and affordable for all.

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Read More of this Story at – 2024-05-11 18:00:00

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