And it will have a key effect. .02%. That's important. But remember, if you are at the bottom of the economic spectrum and you're spending things for food, for drugs, The Inflation Reduction act did allow Medicare to negotiate with the drug companies to drive the pharmaceutical prices down. So in terms of things that hit ordinary families, that is something that is big. The cost of insulin is something that is big. (07:02–07:10)
CLAIM
Asserts that the Inflation Reduction Act permits Medicare to negotiate drug prices.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
