McCormick Wants to Repeal the Law That Allows Medicare to Negotiate Lower Drug Prices for Seniors
PENNSYLVANIA — Today is the second anniversary of the Inflation Reduction Act being signed into law – and a reminder that David McCormick has threatened to repeal the program that allows Medicare to negotiate lower prescription drug costs for millions of seniors in America. It is projected to save seniors $400 per year on many critical, life-saving drugs.
Pennsylvania Democratic Party spokesperson TaNisha Cameron issued the following statement:
“David McCormick wants to repeal and gut programs like Social Security and Medicare that support Pennsylvania seniors, while he works to protect tax giveaways for the wealthiest Americans and defends greedy corporations that jack up prices on working families. McCormick has a long record of putting his own bottom line first and that’s why Pennsylvanians can’t trust him to be for them.”
Here’s David McCormick’s Record of Threats to Critical Programs:
- McCormick said he wanted to “roll back” the Inflation Reduction Act, which allows Medicare to negotiate lower drug prices for seniors.
- McCormick: “What happened under Biden with these huge, enormous pieces of legislation – the Inflation Reduction Act […] We got to roll that back.” [John Fredericks Radio Show, 10/3/23; 41:21]
- McCormick has supported putting Medicare on the chopping block.
- McCormick: “So the path through this is […] a tightening of the belt […] And as I said, there’s entitlements and a number of other drivers of that.” [John Fredericks Radio Show, 11/16/23; 4:40]
- McCormick said entitlements like Medicare “aren’t sustainable” and that he doesn’t think children “are going to be able to live under the same entitlements that all of us here are.”
- McCormick advocated for privatizing Medicare as an official in the Bush administration.
- McCormick: “…We are committed to continuing to improve our fiscal outlook, particularly through measures to address the challenge of entitlement spending reform. We have already taken steps to increase incentives for private saving through tax reforms affecting capital income, and we are striving to broaden these tax reforms to further boost personal saving.” [Heartland Signal, 5/12/22]
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