WASHINGTON—One year ago today, President Biden signed the Inflation Reduction Act into law. The groundbreaking law strengthened Affordable Care Act protections, lowered health care costs, extended Marketplace affordability, and improved access to affordable prescription drugs for millions of Americans on Medicare.

Juliet K. Choi, president and CEO of the Asian & Pacific Islander American Health Forum (APIAHF), released the following statement:

“APIAHF celebrates the one-year anniversary of the Inflation Reduction Act. The law has resulted in real, life-saving results for Americans, including extended premium tax credits for Marketplace plans through 2025 for nearly one million Asian American, Native Hawaiian and Pacific, making comprehensive health insurance more affordable and available.

“As we emerge from the public health emergency, many Asian American, Native Hawaiian and Pacific elders are more at risk than ever. The Inflation Reduction Act has helped our community access affordable and essential health coverage and prescriptions under Medicare. From a $35 monthly capped insulin cost to recommended adult vaccinations at no cost, the law resulted in real savings for elders.”

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The Asian & Pacific Islander American Health Forum (APIAHF) influences policy, mobilizes communities, and strengthens programs and organizations to improve the health of Asian Americans, Native Hawaiians, and Pacific Islanders.