Biden and Sanders Announce Significant Reductions in Drug Prices
In a landmark move, President Biden and Senator Bernie Sanders have successfully negotiated lower prices for essential medications, marking a major victory against Big Pharma.
- President Biden and Senator Bernie Sanders showcased their efforts to lower drug costs, including capping insulin prices at $35 for Medicare recipients.
- The collaboration has led to one inhaler manufacturer dropping patents, while three others plan to cap inhaler costs at $35 a month for many patients.
- Biden aims to extend these cost-capping measures to all Americans, with a shared goal of limiting annual health care costs to $2,000.
- The initiative is part of Biden's broader election-year focus on reducing health care expenses, despite polls indicating low voter awareness.
- The effort has sparked criticism from the Republican Study Committee, which proposes budget cuts that could undermine opioid crisis programs.