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class="block block1"> <h3>The Inflation Reduction Act Continues to Lower Drug Prices</h3> <p>On August 16, 2022, President Biden signed the Inflation Reduction Act into law. It means lower prescription drug prices for millions of Medicare beneficiaries.</p> <a href="https://retiredamericans.org/wp-content/uploads/2024/01/Inflation-Reduction-Act-Fact-Sheet-2024.pdf"><span>Get The Facts</span></a> </div> <div class="block block4"> <div class="topc"> <div class="email-form"> <form action="/wp-content/sign-up.php" method="post" id='signup-curl'> <input class="required" id="emailinput" name="answer[email]" placeholder="Sign up for our newsletter" size="35" type="email" value=""> <input id="emailform" name="commit" type="submit" value="SUBMIT"/> <span class="clear"></span> </form> </div> <div class="social"> <ul> <li itemscope itemtype="http://schema.org/Article"><a itemprop="url" href="https://www.facebook.com/retiredamericans/"><img src="https://retiredamericans.org/wp-content/uploads/2015/10/socf1@3x.png" width="40" height="41" alt=""/></a></li> <li itemscope itemtype="http://schema.org/Article"><a itemprop="url" href="https://twitter.com/ActiveRetirees"><img src="https://retiredamericans.org/wp-content/uploads/2015/10/socf2@2x.png" width="40" height="41" alt=""/></a></li> <li itemscope itemtype="http://schema.org/Article"><a itemprop="url" href="https://www.youtube.com/user/RetiredAmericans"><img src="https://retiredamericans.org/wp-content/uploads/2015/10/socf3@3x.png" width="40" height="41" alt=""/></a></li> <li itemscope itemtype="http://schema.org/Article"><a itemprop="url" href="https://www.linkedin.com/company/alliance-for-retired-americans"><img src="https://retiredamericans.org/wp-content/uploads/2015/10/socf4@3x.png" width="40" height="41" alt=""/></a></li> </ul> <span class="clear"></span> </div> <span class="clear"></span> </div> </div> </div> <span class="clear"></span> <div class="breadcrumb"><ul><li><a href="https://retiredamericans.org">Home</a></li><li><a href="https://retiredamericans.org/our-issues/">Our Issues</a></li><li>Prescription Drugs</li></ul><span class="clear"></span></div> <h1>Prescription Drugs</h1> <div class="imgblock"> <div class="lti"> <div class="img"><img src="https://retiredamericans.org/wp-content/uploads/2021/04/rx-drugs-action-resized.jpg" width="497" height="306" alt=""></div> </div> <div class="rti"> <div class="block5"> <h3></h3> <p>Skyrocketing drug prices have forced millions of Americans, especially seniors and retirees, to choose between paying for medicine and paying for other basics like food and shelter.</p> <p>Congress must take action to rein in pharmaceutical corporations and lower drug prices once and for all.</p> <a href="https://actionnetwork.org/petitions/its-time-to-lower-drug-prices-5?source=direct_link&" class="more more2"><span>TAKE ACTION</span></a> <span class="clear"></span> </div> </div> <span class="clear"></span> </div> <div class="bottom-in2"> <div class="result-listing"> <h2>Prescription Drug Materials</h2>  <ul> <li> <h4><a href="https://retiredamericans.org/retirees-express-appreciation-for-lower-drug-prices-due-to-the-inflation-reduction-act/">Retirees Express Appreciation for Lower Drug Prices Due to the Inflation Reduction Act</a></h4> <p>August 15, 2024: The following statement was issued by Richard Fiesta, Executive Director of the Alliance for Retired Americans, regarding the White House’s announcement of new details about Medicare drug price negotiations: “Today’s anno <a href="https://retiredamericans.org/retirees-express-appreciation-for-lower-drug-prices-due-to-the-inflation-reduction-act/">Read More ></a></p> </li> <li> <h4><a href="https://retiredamericans.org/retiree-group-endorses-gabe-vasquez-for-reelection-to-u-s-house/">Retiree Group Endorses Gabe Vasquez for Reelection to U.S. House</a></h4> <p>August 10, 2024: Albuquerque, NM - Members of the Alliance for Retired Americans proudly announced their endorsement of Rep. Gabe Vasquez for reelection to the U.S. House from New Mexico’s 2nd Congressional District (CD) today. The New Mexico <a href="https://retiredamericans.org/retiree-group-endorses-gabe-vasquez-for-reelection-to-u-s-house/">Read More ></a></p> </li> <li> <h4><a href="https://retiredamericans.org/alliance-for-retired-americans-enthusiastically-endorses-kamala-harris-for-president/">Alliance for Retired Americans Enthusiastically Endorses Kamala Harris for President</a></h4> <p>July 23, 2024: Washington, DC -- Citing her record of commitment to strengthening retirement security, the Alliance for Retired Americans, a national grassroots advocacy organization, today endorsed Kamala Harris to be President of the United St <a href="https://retiredamericans.org/alliance-for-retired-americans-enthusiastically-endorses-kamala-harris-for-president/">Read More ></a></p> </li> <li> <h4><a href="https://retiredamericans.org/alliance-for-retired-americans-thanks-president-biden-for-his-service-to-the-nation/">Alliance for Retired Americans Thanks President Biden for his Service to the Nation</a></h4> <p>July 21, 2024: Washington, DC -- Citing President Biden’s record of commitment to seniors throughout his presidency and career in public service, the Alliance for Retired Americans, a national grassroots advocacy organization, today expressed <a href="https://retiredamericans.org/alliance-for-retired-americans-thanks-president-biden-for-his-service-to-the-nation/">Read More ></a></p> </li> <li> <h4><a href="https://retiredamericans.org/trump-vance-another-step-toward-retirement-insecurity/">Trump-Vance: Another Step Toward Retirement Insecurity</a></h4> <p>July 15, 2024: Selection of J.D. Vance as Vice Presidential Nominee Deepens Fears that Trump Would Cut Social Security, Medicare Richard Fiesta, Executive Director of the Alliance for Retired Americans, released the following statement regard <a href="https://retiredamericans.org/trump-vance-another-step-toward-retirement-insecurity/">Read More ></a></p> </li> <li> <h4><a href="https://retiredamericans.org/kff-health-news-lack-of-affordability-tops-older-americans-list-of-health-care-worries/">KFF Health News: Lack of Affordability Tops Older Americans’ List of Health Care Worries</a></h4> <p>July 11, 2024: What weighs most heavily on older adults’ minds when it comes to health care? The cost of services and therapies, and their ability to pay. “It’s on our minds a whole lot because of our age and because everything keeps <a href="https://retiredamericans.org/kff-health-news-lack-of-affordability-tops-older-americans-list-of-health-care-worries/">Read More ></a></p> </li> <li> <h4><a href="https://retiredamericans.org/state-of-the-union-retirees-call-on-president-biden-to-continue-lowering-prescription-drug-prices-and-keeping-social-security-and-medicare-cuts-off-the-table/">State of the Union: Retirees Call on President Biden to Continue Lowering Prescription Drug Prices and Keeping Social Security and Medicare Cuts off the Table</a></h4> <p>March 07, 2024: The following statement was issued by Richard Fiesta, Executive Director of the Alliance for Retired Americans, regarding President Biden’s State of the Union address: “Tonight President Biden told the American people that <a href="https://retiredamericans.org/state-of-the-union-retirees-call-on-president-biden-to-continue-lowering-prescription-drug-prices-and-keeping-social-security-and-medicare-cuts-off-the-table/">Read More ></a></p> </li> <li> <h4><a href="https://retiredamericans.org/kff-health-news-the-ftc-is-attacking-drugmakers-patent-thickets/">KFF Health News: The FTC Is Attacking Drugmakers’ ‘Patent Thickets’</a></h4> <p>February 01, 2024: The Federal Trade Commission has challenged the validity of over 100 drug product patents, focusing on devices used to deliver medicines, like inhalers and autoinjectors, in an effort to increase competition and potentially lower <a href="https://retiredamericans.org/kff-health-news-the-ftc-is-attacking-drugmakers-patent-thickets/">Read More ></a></p> </li> <li> <h4><a href="https://retiredamericans.org/fact-sheet-the-inflation-reduction-act-and-prescription-drug-prices-2/">Fact Sheet: The Inflation Reduction Act and Prescription Drug Prices</a></h4> <p>January 30, 2024: One in four people over the age of 65 report not taking at least one prescription drug as prescribed due to its cost. Meanwhile, pharmaceutical corporations are making record profits, lining the pockets of their executives and sha <a href="https://retiredamericans.org/fact-sheet-the-inflation-reduction-act-and-prescription-drug-prices-2/">Read More ></a></p> </li> <li> <h4><a href="https://retiredamericans.org/pharmaceutical-corporations-expected-to-raise-prices-on-over-500-drugs-this-month/">Pharmaceutical Corporations Expected to Raise Prices on Over 500 Drugs This Month</a></h4> <p>January 05, 2024: Some of the largest American pharmaceutical companies, including Pfizer, Sanofi, and Takeda Pharmaceutical, plan to raise prices on over 500 drugs starting this month according to data analyzed by healthcare research firm 3 Axis A <a href="https://retiredamericans.org/pharmaceutical-corporations-expected-to-raise-prices-on-over-500-drugs-this-month/">Read More ></a></p> </li> </ul> <div class="clear"></div> <div class="navigation"><ol class="wp-paginate font-inherit"><li><span class='page 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