Whitmer Signs Executive Directive Lowering Health Care Costs for Michigan FamiliesLaw will prevent 3 million people from losing insurance and saves Michiganders of all ages an average of $800 per month on premiums, caps insulin price at $35 per month, and limits out-of-pocket expenses at $2,000 per year.
By Main Street Sentinel Staff
Governor Gretchen Whitmer signed an executive directive that, experts say, will lower the cost of living for Michigan families.
The order ensures that Michigan takes advantage of tax credits and other opportunities made available by the Inflation Reduction Act, which was recently signed into law by President Biden.
Specifically, experts say this will lower health care costs for Michigan families by allowing Medicare to negotiate lower prescription drug prices with pharmaceutical companies, capping out-of-pocket expenses at $2,000 a year, and limiting insulin costs for Medicare to $35 per month.
Moreover, the law helps to guarantee health care access, preventing 3 million people from losing their insurance and protecting Affordable Care Act benefits for 13 million. All in all, this will save Michiganders an average of $800 per month on premiums.
“The Inflation Reduction Act will lower the cost of prescription drugs, health care, and energy, and I am taking action today to ensure that families have the information and resources they need to fully harness its benefits,” Whitmer said.
Tudor Dixon, the Republican nominee for governor opposes the legislation. She has called on Michigan’s congressional delegation to vote no on the law.