Hill October 22, 2024
President Biden on Tuesday highlighted his administration’s efforts to lower prescription drug costs as he seeks to cement his legacy in his final months in office.
At an event in New Hampshire alongside Sen. Bernie Sanders (I-Vt.) and other Democrats, Biden spoke about the impact of the Inflation Reduction Act (IRA), including its cap on prescription drug costs and allowing Medicare to negotiate drug prices.
Biden called it a significant victory over the pharmaceutical industry.
“It was a hell of a fight,” Biden said. “We beat the special interests and delivered for the American people.”
The administration this year announced new negotiated prices for 10 of the most expensive drugs, though they won’t take effect until...
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