It also means Americans can get vaccinated for free against shingles, whooping cough, tetanus, and other diseases. That means seniors could save upwards of tens of thousands of dollars on lifesaving drugs - including for cancer, heart disease, Alzheimer’s, and more. For those on Medicare, this law caps the cost of insulin at $35 per month and will cap out-of-pocket prescription drug costs at $2,000 per year. That is one reason why I signed the Inflation Reduction Act. But there is still more work to do to ensure that no senior lies in bed at night wondering how they are going to pay for lifesaving drugs, put food on the table, or support their children and grandchildren. We extended lifespans and provided critical breathing room to Americans who had worked hard their whole lives. Our Nation rallied together to confront this crisis, passing Medicare to deliver affordable, quality health care to our seniors strengthening Social Security, the bedrock of American retirement and ultimately raising so many seniors out of poverty. Kennedy issued the first proclamation recognizing older Americans, approximately a third of seniors lived in poverty, and close to half were without health insurance. We have a rock-solid responsibility to ensure our Nation’s seniors can age with dignity and financial security. On this 60th anniversary of Older Americans Month, we honor our Nation’s senior citizens, whose lifetimes of hard work, devotion to family, and commitment to community have laid the foundation for the country we are today.
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