Here in Florida, DeSantis went to extraordinary lengths to allow Florida Power & Light to raise energy rates by a record $5 billion after receiving $3 million in campaign donations from FPL’s network of dark-money organizations.
Three years ago, DeSantis’s Public Service Commission approved a $1 billion corporate tax cut to FPL – savings that flowed to FPL’s wealthy stockholders, rather than everyday consumers as they should have.
Here’s a refresher on some specific ways Democrats’ Inflation Reduction Act will help save people money and grow the economy in Florida – no thanks to Republicans in Congress:
CUTTING PRESCRIPTION DRUG COSTS
Will cap 113,400 Floridians’ out-of-pocket costs at $2,000 and, for the first time, all 3.6 million Floridians with Medicare Part D will have the peace of mind of knowing their pharmacy costs are capped.
Will cap Medicare beneficiaries’ insulin copays at $35 per month.
Allows Medicare to negotiate some high-cost prescription drug prices, which will bring down the out-of-pocket costs of these drugs for Medicare beneficiaries.
Requires companies to pay Medicare a rebate if they increase drug prices faster than inflation, which will further reduce out-of-pocket costs for Medicare beneficiaries.
LOCKING IN LOWER HEALTH INSURANCE PREMIUMS AND EXPANDING COVERAGE
Means roughly 543,000 more Floridians will have health insurance next year.
Continues savings of about $590 on average annually for 2.7 million Floridians with Affordable Care Act (ACA) Marketplace coverage.
LOWER ENERGY COSTS
Reduces costs with rebates covering 50-100% of the cost of installing new electric appliances, including super-efficient heat pumps, water heaters, clothes dryers, stoves, and ovens, which millions of low- and moderate-income households in Florida are eligible for.
Creates grants to help state and local governments adopt the latest building energy codes, which would save the average new homeowner in Florida save 11.7% on their utility bills—$225 annually.
Expands clean energy job opportunities, bringing an estimated $62.7 billion of investment in large-scale clean power generation and storage to Florida between now and 2030.
Helps create jobs across solar, wind, storage, and other clean energy industries with tax credits that include bonuses for businesses that pay a prevailing wage, so that workers earn a good paycheck as we build the clean energy future in America.
Bolsters domestic manufacturers, who employ 388,200 workers in Florida, by helping us make the technologies of the future at home – supporting local economies and strengthening supply chains.