The Affordable Care Act (ACA)
In 2010, Congressional Democrats passed, and President Barack Obama signed the Affordable Care Act, the largest expansion of health coverage in U.S. history. The law protects patients with pre-existing conditions, dependents can stay on their parent’s health plans until the age of 26, and the ACA has expanded access to healthcare for more than 20 million Americans.
Lowering Healthcare Costs for You and Your Family
- President Joe Biden’s Inflation Reduction Act expanded the ACA by capping the cost of insulin at $35/month for Medicare beneficiaries, prompting the three largest insulin manufacturers to lower their prices to $35/month for all privately insured patients.
- President Joe Biden and Congressional Democrats have enabled Medicare to negotiate lower drug prices and will cap annual out-of-pocket drug costs at $2000/year starting next year, an average savings of $1200 for approximately 917,000 South Carolinians on Part D.
