WASHINGTON, DC - Today, Congressman Donald Norcross (D-NJ) released the following statement to mark two years since the Inflation Reduction Act became law.

"I was proud to vote for the Inflation Reduction Act two years ago to lower costs for working families, create good-paying jobs, grow our economy, and rebuild the middle class. Now, hardworking folks across the country are feeling the impact of this historic law as we finally lower insulin and prescription drug costs for seniors, invest in a clean energy workforce, and bring manufacturing back to America," said Congressman Donald Norcross. "Americans have been fighting for these investments for decades, and today is a reminder of the progress we've made and promises Democrats have kept."

Two years later, the Inflation Reduction Act is delivering lower costs for families and growing the middle class in New Jersey:

• 260,000 people in New Jersey with Medicare take one of the 10 most expensive prescription drugs and will soon benefit from lower negotiated prices.
• 32,000 people in New Jersey's 1st District are saving $9 million in out-of-pocket costs for their prescription medications.
• 28,000 people are enrolled in ACA marketplace health insurance in New Jersey's 1st District and will save an average of $1,440 on their health care premiums this year.
• 8,200 people in New Jersey's 1st District who use insulin are saving an average of $485 annually thanks to the Inflation Reduction Act's $35/month cap on insulin prices for seniors and other Medicare beneficiaries.

Across the United States, the Inflation Reduction Act is lowering health care costs, delivering cleaner, cheaper energy, and growing the middle class: