Biden pushes Congress on prescription drug expenditures, Medicare principles

WASHINGTON – President Joe Biden urged Congress on Thursday to just take ways to lessen the…

WASHINGTON – President Joe Biden urged Congress on Thursday to just take ways to lessen the expense of prescription medications, arguing that as well numerous people must choose amongst paying for drugs or putting foods on the table.

Biden, speaking from the White Residence East Space, called on lawmakers to let Medicare to negotiate drug price ranges, which he stated would considerably minimize costs for millions of Americans. Medicare negotiates rates for every other kind of wellbeing care but is barred by legislation from negotiating drug costs.

“We have to alter this,” he said. “And we can.”

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Biden wants Medicare to be in a position to negotiate costs for a subset of expensive drugs that really don’t deal with any level of competition in the market place. Less than his strategy, Medicare negotiators would be provided a framework for what constitutes a good rate for each and every drug, and incentives would be put in spot to make absolutely sure drug businesses agree to a reasonable value.