Rep. Cuellar Announces Lower Prescription Drug Costs

Today, Congressman Cuellar announced lower costs for the country's most expensive prescription drugs under Medicare.

"I voted to pass the IRA, which has lowered healthcare and prescription drug costs for Americans. It not only capped the monthly cost of insulin for seniors on Medicare at $35 but also limited out-of-pocket prescription drug costs for seniors," said Dr. Cuellar, a senior member of the House Appropriations Committee. "Furthermore, due to the IRA, the administration was able to negotiate lower costs for ten of the most expensive prescription drugs under Medicare. This is a historic achievement and will bring needed relief to everyday Americans. I voted for the Inflation Reduction Act to ensure that Americans get the help they need. I will continue to support efforts to health care costs."

The ten drugs negotiated down include Eliquis, Jardiance, Xarelto, Januvia, Farxiga, Entresto, Enbrel, Imbruvica, Stelara, and NovoLog/Fiasp.

Through the IRA, more than 100,000 Texans on Medicare are saving on average $441 per year through the insulin price cap alone. The Inflation Reduction Act enabled Medicare to negotiate the cost of prescription drugs. It caps insulin costs at $35 for those on Medicare and limits out-of-pocket prescription drug costs at $2,000 per year.

1,323,430 Texans will save $400 per year on average through the IRA's $2,000 out-of-pocket cap, which will begin in 2025.

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