healthcare, prescription drugs and more. we need to show democrats across this country that the democratic party can actually get stuff done when we have 50 democrats in the senate, and i think that s where we are right now. so i m all about forward looking, brianna and hello, joe manchin. happy to have you. a new effort to form a viable third party, names from the right, left and center say they will succeed where others failed. soon we ll hear from the president of the united states live at the white house. he ll tout big progress on his agenda, a senate agreement that includes new climate and new health care investments. a package, the president will say in a way that will also take a big bite out of inflation. it is a smaller, but still significant piece of the giant goals the president and has party had back in the beginning of his term. the white house event is a presidential push to get this new senate deal to the finish line and, make no mistake, it is a president
in addition, it also changes the circumstance for people on medicare by putting a cap of a maximum $2,000 a year no matter how many prescriptions they have. which is especially important for people with cancer and long-term diseases. it s a god send. it will be a god send for many families. second, the bill locks in place lower health care premiums for the next three years for millions of families that get coverage under the affordable care act. they will meet an average savings of $800 a year for 13 million people. third, it invests $369 billion, granted i called for $500 plus, but it invests $369 billion to secure our energy future and address the climate crisis, bringing down family energy bills by hundreds of dollars, but providing working families tax credits. it gives folks rebates to buy new and efficient appliances, to weather rise their homes and tax credits for heat pumps and rooftops solar. it also to buy any electric vehicle or fuel cell vehicle. new or used. it a
this bill has one won the support of climate leaders like al gore, who said the bill is, quote, long overdue and a necessary step to ensure the united states takes decisive action on the climate crisis that helps our economy and provides leadership for the world by example. inflation hawks like former success tear of treasury larry summers said, quote, this bill is fighting inflation. progressive leaders like senator elizabeth warren say, quote, this is a bill that truly is about fighting inflation and bringing down the cost for families and putting our country on a sounder economic footing. here s how it works. first, the bill finally delivers on a promise that washington has made for decades to the american people. we re giving medicare the power to negotiate for lower precipitation drug prices, which means seniors and consumers will pay less for their prescription drugs. medicare will save in the process about $290 billion.