Prescription Drug Price Relief: Public Support Soars, but IRA Awareness Trails

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Medicare Drug Pricing Provisions: Awareness and Support

Despite the passage of the Inflation Reduction Act (IRA) over two years ago, many voters remain unaware of its Medicare drug pricing provisions. However, awareness is higher among older voters, who are most impacted by these provisions.

Awareness of Medicare Drug Pricing Provisions

Larger shares of voters ages 65 and older are aware of some of the IRA's drug pricing provisions, including:

• 61% are aware of the law that caps the cost of insulin for people with Medicare at $35 per month.
• 34% are aware of the provision that places an out-of-pocket limit on prescription drug costs.
• 34% are aware of the provision that requires the government to negotiate the price of some prescription drugs.
• 34% are aware of the provision that penalizes drug companies for increasing prices faster than the rate of inflation.

Support for Medicare Drug Pricing Provisions

Majorities of voters, overall and across partisanship, support these proposed provisions, though smaller shares of Republicans are on board:

• 85% support authorizing the federal government to negotiate drug prices.
• 69% support expanding the $2,000 annual limit on out-of-pocket prescription drug costs beyond those with Medicare.
• 92% of Democratic voters support the provision that places a limit on out-of-pocket prescription drug costs for people with Medicare.
• 89% of independent voters support the provision that places a limit on out-of-pocket prescription drug costs for people with Medicare.
• 77% of Republican voters support the provision that places a limit on out-of-pocket prescription drug costs for people with Medicare.

Role of Political Leaders

Partisans are more likely to give their own party leaders credit for passing legislation aimed at lowering the price of prescription drugs for people on Medicare, though Republican voters are

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