CNBC March 6, 2024
Key Points
– President Joe Biden said the federal Medicare program should negotiate prices for at least 50 prescription drugs each year, up from the current target of 20 medicines.
– That proposal is one of several new health-care policy plans Biden will outline during his State of the Union address Thursday.
– But the fate of his new proposals will be in the hands of a divided Congress, making it highly uncertain whether they will pass into law.
President Joe Biden on Wednesday said the federal Medicare program should negotiate prices for at least 50 prescription drugs each year, up from the current target of 20 medicines.
That’s one of several new health-care policy proposals that...
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