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Biden puts focus on drug prices as he tries to revive agenda

by News Wires
February 10, 2022
in World
President Joe Biden speaking during a roundtable meeting with CEOs of electric utilities in the State Dining Room of the White House, yesterday in Washington. Biden is trying to jump-start progress on his stalled domestic agenda by refocusing attention on one of his most popular proposals, limiting the cost of prescription drugs. Biden is traveling to Virginia on Thursday to call attention to what the White House says is the “unacceptable” cost of medications.

President Joe Biden speaking during a roundtable meeting with CEOs of electric utilities in the State Dining Room of the White House, yesterday in Washington. Biden is trying to jump-start progress on his stalled domestic agenda by refocusing attention on one of his most popular proposals, limiting the cost of prescription drugs. Biden is traveling to Virginia on Thursday to call attention to what the White House says is the “unacceptable” cost of medications.

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WASHINGTON  — President Joe Biden is trying to jump-start progress on his stalled domestic agenda by refocusing attention on one of his most popular proposals, limiting the cost of prescription drugs, AP reported.

 

Biden is traveling on Thursday to Culpeper, Virginia, where White House press secretary Jen Psaki said the president will call attention to the “unacceptable” cost of medications.

 

“We need to act to stop the abuse of American families,” she said.

Biden’s trip to Virginia will also be an opportunity for him to start promoting his party’s candidates in November’s midterm elections. He’s expected to appear alongside Rep. Abigail Spanberger, D-Va., who is in danger of losing her seat representing a central Virginia district.

 

“He is eager to go out there and hit the road for Democrats who are fighting for an agenda for the American people,” Psaki said Wednesday.

 

Spanberger is one of several Democrats who have raised alarms about slipping support from voters. She suggested in a November interview with The New York Times that Biden had overreached with his plans for new government programs that recalled the Depression-era agenda of President Franklin D. Roosevelt.

 

Efforts to lower prescription drug costs have long been popular with voters, but bipartisan consensus has proved elusive. It’s unclear if there’s a political path forward for Biden’s plans in Congress.

 

His proposals include capping out-of-pocket medication costs for Medicare recipients at $2,000 per year and insulin at $35 per month. In addition, Medicare would be allowed to negotiate prices for a limited number of prescription drugs and drugmakers would be required to pay rebates if they raise costs faster than inflation.

 

“It’s safe to say that all of us can agree that prescription drugs are outrageously expensive in this country,” Biden said Dec. 6.

 

The provisions are part of Biden’s expansive domestic agenda, known as “Build Back Better.” However, the legislation is at a standstill because of resistance from moderate Democratic Sens. Joe Manchin, D-W.V., and Kyrsten Sinema, D-Ariz.

Tags: Bidendrug pricesWASHINGTON

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