The White HouseVerified account

The President is committed to continuing to lower the cost of prescription drugs because no one should have to cut corners when it comes to life saving medicine — and high drug costs make health insurance more expensive for everyone. The Build Back Better Act will change that.

.@POTUS has already taken key steps to lower prescription drug costs for Americans, including directing @US_FDA to work with states and tribes to import Rx drugs safely from Canada — and get generic drugs to consumers faster which research shows could cut prices by 25% to 33%.

The Build Back Better Act will also lower drug costs for people with Medicare by giving Medicare the power to negotiate drug prices. Additionally, the plan will cap the yearly amount that seniors have to spend on prescription drugs at the pharmacy at no more than $2,000.

Under the Build Back Better Act, @POTUS will lower costs for families dealing with diabetes by: 1. Capping insulin co-pays at $35/month 2. Helping individuals get coverage under the Affordable Care Act 3.Taxing drug companies that raise their drug prices faster than inflation

In the U.S., 200,000 people under the age of 20 live with Type 1 diabetes. A bottle of insulin costs less than $10 to make, but a month’s supply can sometimes cost up to $1000.

In America, one-in-four Americans who take prescription drugs struggle to afford them. It doesn't have to be that way. President Biden's Build Back Better Act will lower the cost of prescription drugs and make health care more affordable for every American.

President Biden's Build Back Better Act will enable the construction, rehabilitation, and improvement of more than one million affordable homes — boosting housing supply and reducing price pressures for renters and homeowners.

President Biden's Rescue Plan put money in Americans’ pockets and helped middle class families stay afloat during the pandemic. The Bipartisan Infrastructure Law and Build Back Better Act go even further for American families — lowering costs, cutting taxes, and creating jobs.

Under the Build Back Better Act, a family of four earning $80,000 per year would save nearly $3,000 per year (or $246 per month) on health insurance premiums.