Press Release
For Immediate Release: 
August 12, 2022
Contact Info: 
Raymond Rodriguez 202-225-3130
WASHINGTON, DC – This morning, House Majority Leader Steny H. Hoyer (MD) joined Poppy Harlow on CNN Newsroom to discuss the House vote on the Inflation Reduction Act. Below are excerpts from his interview and a link to the video:
 
Click here for a link to the video.

“Well, I think all parts of [the Inflation Reduction Act] are important. One thing they're going to feel is we're going to see the Affordable Care Act provisions in the bill that we sent over to the Senate extending from December 31st for another two years. The premium health and the – bringing the costs down of the Affordable Care Act, for people is going to be the most immediate effect ...Vaccine rebates for those on Medicare, and for drug prices that are increased beyond inflation. Those are the three things going to happen immediately. I think they are probably the most important, but also we're going to start bringing down the deficit and I think that's important, and we're going to have an extraordinary, historic investment in dealing with climate change and alternative energy sources.”

“…Specifically, health care costs are a significant cost to the American consumer, and this unarguably is going to bring down costs of health care for people. Some in the short term as I said will maintain the subsidies that we give so that people's insurance rates will not go up .... Making vaccines free will bring down costs. We've passed other pieces of legislation like the [Lower Food and Fuel Costs Act] to try bring down [prices] -- make sure that … price gouging does not occur in terms of gasoline prices. We’ve seen gasoline prices come down over $1 since that legislation. .. . So what we're doing is with this bill is we are bringing some of the most significant costs to Americans down, and we're bringing them down in many respects now, so that I think it's appropriate to call it Inflationary Reduction Act because one of the biggest inflations is in price gouging.”