PRESS RELEASE: AARP, CAP, ROOSEVELT INSTITUTE RESPOND TO CPI REPORT, HIGHLIGHT NEED TO LOWER HEALTH CARE & ENERGY COSTS 

FOR IMMEDIATE RELEASE
March 10, 2022

Contact: 
Jack Miller, Communications Director
[email protected]

AARP, CAP, ROOSEVELT INSTITUTE RESPOND TO CPI REPORT, HIGHLIGHT NEED TO LOWER HEALTH CARE & ENERGY COSTS 

AARP’s Bill Sweeney: “It is long past time for Congress to act — they have a proposal in front of them that, if passed, could immediately begin to lower peoples’ prices. Our 38 million members at AARP are demanding that the Senate act and lower their prescription drug prices.”

CAP’s Emily R. Gee: “Not only is it one of the most popular actions Congress could take — drug price reform would touch millions of lives. Nine out of ten older adults take prescription drugs, and many Americans find the cost of prescription drugs unreasonable.”

Roosevelt Institute’s Lauren Melodia: “The Russian invasion of Ukraine shows more than ever that we urgently need to get off of fossil fuels and move to renewable energy if we want to see stability for energy prices.”

WASHINGTON, DC — Today, AARP’s Bill Sweeney, the Center for American Progress’ Emily R. Gee, and the Roosevelt Institute’s Lauren Melodia joined a Zoom press call hosted by Invest in America to discuss the latest Consumer Price Index (CPI) report.

The speakers emphasized the need to lower key costs that American families face, like prescription drugs, health care, and energy, by making key investments in workers and families. They also discussed how the policies in President Biden’s agenda would address many of these concerns.

You can watch the call here

The following are statements from the call:

Bill Sweeney, Senior Vice President of Government Affairs at AARP:
“As we’re looking at ways to help put money back into peoples’ pockets, lowering prescription drug prices is one of the most important things we can do. In January, drug companies raised prices on more than 800 prescription medicines and 75% of the most common Medicare drugs. It is long past time for Congress to act — they have a proposal in front of them that, if passed, could immediately begin to lower peoples’ prices. Our 38 million members at AARP are demanding that the Senate act and lower their prescription drug prices now.”

Emily R. Gee, PhD, Vice President and Coordinator for Health Policy at CAP:
“Not only is it one of the most popular actions Congress could take — drug price reform would touch millions of lives. Nine out of ten older adults take prescription drugs, and many Americans find the cost of prescription drugs unreasonable. President Biden’s prescription drug plan would do a few different things: it would lower the level of prices, cap out-of-pocket costs for people in Medicare Part D and diabetics who need insulin, and prevent price hikes, which would be crucial at a time when we’re trying to bring down inflation.”

Lauren Melodia, Deputy Director of Macroeconomic Analysis at the Roosevelt Institute:
“About 75% of last month’s inflation is due to the basic necessities of housing, food, and energy. People cannot delay or substitute these — you have to pay your rent or mortgage every month, you have to eat food every day, you need electricity and gasoline to be able to show up for work and take care of your family. American corporations and landlords are currently operating in our economy with outsize power, and it’s up to government to take some action to bring a balance of power back to protect and support consumers at this time. For example, the Russian invasion of Ukraine shows more than ever that we urgently need to get off of fossil fuels and move to renewable energy if we want to see stability for energy prices.”

About Invest in America

Invest In America is a national rapid response operation advocating for robust public investment to rescue the economy from the COVID crisis and create prosperity for the future, and to fight back against fear-mongers who use deficit concerns as a scapegoat to starve American communities and businesses of resources.

The operation consists of two components: Invest in America, the charitable and public education arm, which is a fiscally sponsored project of Economic Security Project funded by the William and Flora Hewlett Foundation and Economic Security Project co-chair Chris Hughes; and Invest in America Action, the advocacy and social welfare arm, which is a fiscally sponsored project of Economic Security Project Action funded by Chris Hughes and the Omidyar Network.

Learn more at InvestInAmericaNow.com and @InvestNowUSA, and InvestinAmericaProject.com.

###