Senate Majority Leader Chuck Schumer discusses Democrats’ landmark climate and health care bill

Senator Chuck Schumer:

Well, it’s probably the most important and sweeping legislation for ordinary Americans in decades.

It’s going to mean a lot of different things. This will mean that the costs for people will be reduced. They are – we have been waiting for years to allow Medicare to negotiate with the pharmaceutical companies to reduce costs. And it will happen, and the costs to people will be much, much lower.

Insulin for people on Medicare will only cost $35 a month, as opposed to the $600, $700, $800 it costs now. Many more people will be able to obtain health insurance through the ACA, and their costs will not increase.

So on the health care front, and another thing, if you — no one is going to pay more than $2,000 a year for prescription drugs. So if you are one of those people who have these much needed but expensive drugs that cost $500 a dose, you will be in much better shape.

Climate-wise, this is the most dramatic climate change we have ever seen, but it will mean lower costs for people. The average person’s electricity bill will drop by almost $1,000 by 2030. People will pay less for appliances. They will be much more efficient and cheaper.

And that will mean we will close tax loopholes for the very rich, who have gotten away with it for a long, long time. To start, we are creating about nine million new jobs in the clean energy sector. And those will often go to people of color, poorer people who haven’t been able to get those jobs in the past.

So it’s going to mean a lot of things to a lot of people. And the fact, finally, that global warming will eventually come under control will mean that people will be better protected against floods, hurricanes, fires and all that is happening because of global warming.


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