We finally addressed the longstanding issue that for years was one of the biggest challenges on this subject, which was that Medicare was prohibited by law from negotiating lower drug prices, and those costs then got passed on to our seniors, Harris said. But not any more.
We finally beat big pharma, the US president declared, sharing the stage with his vice-president for the first time since he abandoned his re-election bid in late July and Harris replaced him as the Democratic nominee.
Medicare has reached agreements with manufacturers of all 10 drugs selected for drug price negotiation. That means the prices of these ten drugs will be cut 40% to 80%. And folks, this is only the first ten.
Thank you, Joe, they chanted in appreciation of his record and his decision to step aside and pass the torch to Harris. Biden called Harris an incredible partner and said she would make one hell of a president.
#prescription-drugs #healthcare-policy #medicare #biden-harris-administration #pharmaceutical-companies
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