CNBC August 29, 2023
Key Points
– On Tuesday the White House announced ten prescription drugs that will be subject to the first-ever Medicare price negotiations.
– The message coming out of the White House Tuesday was that, thanks to Biden, Americans will no longer have to pay the highest prices in the world for medicines.
– The careful staging of Tuesday’s Medicare announcement, complete with side events and media briefings, underscores how important health care is to Biden’s reelection campaign, which is already well underway.
WASHINGTON — President Joe Biden is placing a priority on reducing individual health-care costs as he seeks reelection in a country where medical spending accounts for 18.3% of the nation’s gross domestic product, according to the Centers for...
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