August 23, 2022

Cortez Masto in Las Vegas: The Inflation Reduction Act Will Lower Prescription Drug Costs for Nevadans

Drug Pricing Roundtable

Las Vegas, Nev. – Today, U.S. Senator Catherine Cortez Masto (D-Nev.) hosted a roundtable at Nevada HAND’s Silver Sky Assisted Living facility with AARP, local health care advocates, and Las Vegas seniors to discuss how the Inflation Reduction Act will lower drug prices for Nevadans. During the roundtable, Senator Cortez Masto outlined the cost-cutting provisions in this historic legislation, including those that to allow Medicare to negotiate drug prices, cap the cost of insulin at $35-a-month for Medicare recipients, and penalize companies that raise the prices of drugs faster than the rate of inflation.  

“I’ve been pushing to lower prescription drug prices throughout my time in the Senate, and the Inflation Reduction Act makes critical progress on bringing down healthcare costs,” said Senator Cortez Masto. “From allowing Medicare to negotiate lower drug prices to capping the cost of insulin for seniors, this bill will make a real difference for Nevada families and seniors.”

“This is an historic victory in the decades-long fight to lower prescription drug prices for older Nevadans,” said Barry Gold, AARP Nevada Advocacy Director. “Our members made thousands of calls, visited congressional offices and signed petitions in this battle. We will keep fighting big drug companies’ out-of-control prices. And we won’t back down.” 

“We are happy to welcome Senator Catherine Cortez Masto and industry leaders to Silver Sky, Nevada HAND’s affordable assisted living community,” says Arielle Edwards, Nevada HAND’s Government Relations Manager. “On the heels of Congress passing the Inflation Reduction Act, today’s roundtable reflects Senator Cortez Masto’s dedication to discussing the critical healthcare related provisions included in the legislation. The Inflation Reduction Act provides essential services and resources for seniors throughout our community including the 180 low-income senior who reside at Nevada HAND’s affordable assisted living communities: Silver Sky and Silver Sky at Deer Springs.”

Senator Cortez Masto has championed affordable prescription drugs in Congress and helped pass the Inflation Reduction Act in August. She has also cosponsored bills to drive down costs for consumers featuring provisions that were incorporated in the Inflation Reduction Act, including by giving Medicare the power to negotiate drug prices, capping costs and expanding subsidies for low-income seniors, and holding down egregious prescription drug price increases. She has also stood up against dark money groups working to mislead Nevadans about her longstanding support for Medicare.