Hill August 29, 2023
President Biden on Tuesday vowed to not back down from pharmaceutical companies in touting the first 10 drugs chosen for Medicare price negotiation under the Inflation Reduction Act (IRA).
“Big Pharma charging Americans more than three times what they charge other countries simply because they could and I think it’s outrageous. That’s why these negotiations matter,” Biden said at an event at the White House.
“We’re going to keep standing up to Big Pharma, and we’re not gonna back down.”
The drugs, announced Tuesday by the White House, were chosen based on their eligibility under the Inflation Reduction Act, and they account for an estimated $50.5 billion in total gross Medicare Part D costs.
“Finally, finally, finally we had enough...
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