Biden pushes Congress to lower drug prices

August 18, 2021

President Joe Biden urged Congress to pass prescription drug reforms that Democrats have long favored, including allowing Medicare to directly negotiate prices with drugmakers and capping seniors’ out-of-pocket drug costs at about $3,000 a year. In remarks delivered at the White House Thursday, Biden also called for penalizing drug companies that raise prices faster than inflation , letting states import lower-cost drugs from Canada and improving access to generic and biosimilar medicines.

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2021-08-13 15:43:17

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