Biden Urges Congress to Let Medicare Negotiate Cost of Prescription Drugs in Efforts to Reduce High Prices

President Joe Biden on Thursday detailed his administration’s plans to lower the cost of prescription drugs while calling on Congress to help tackle the issue by reducing high prices of life-saving medication. Speaking from the East Room of the White House, Biden said he aims to help lower prescription drug costs nationwide as part of the ambitious Build Back Better agenda he is seeking to push through Congress. The president argued that too many families are being forced to chose between paying for medications or putting food on the table and urged lawmakers to allow Medicare to negotiate drug prices directly and penalise drugmakers who raise prices faster than inflation. “For years, the price of many prescription drugs has dramatically outpaced inflation,” Biden said.”These prices have put the squeeze on too many families and stripped them of their dignity. “They’ve been forced, we’ve forced people into terrible choices between maintaining their health, paying the rent or …

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