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Biden Remarks On Prescription Drug Prices Underway Shortly

US

President Biden is shortly due to deliver remarks on new measures announced today to lower prescription drug costs by granting Medicare greater authority to negotiate prices.

  • Livestream: LINK
  • Additional information in earlier bullet here: LINK
  • Today's remarks will be Biden's first public remarks on policy since August 16 when he gave a speech to mark the anniversary of signing the Inflation Reduction Act into law.
  • A White House factsheetstresses that the measures are connected with provisions within the Inflation Reduction Act, a flagship piece of Democrat legislation which hasn't translated into positive approval of President Biden's policies.
  • White House: "People with Medicare will continue to see their prescription drug costs go down as more provisions of the Inflation Reduction Act go into effect in the coming years."
  • White House: "For far too long, Americans have paid more for prescriptions drugs than any major economy. But now, thanks to the Inflation Reduction Act, Medicare can directly negotiate prescription drug prices to get a better deal for seniors."
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