President Biden and Vice President Kamala Harris Make Historic Announcement About Lowering Prescription Drug Prices
President Joe Biden and Vice President Kamala Harris are set to make a groundbreaking announcement on Thursday regarding the government’s efforts to lower prescription drug prices. This milestone comes as President Biden confirms that he will not be running for re-election in 2024.
New Agreement Reached for Lower Drug Prices
In a statement released by the White House, President Biden shared that Medicare has reached an agreement with drug manufacturers to lower prices on 10 selected drugs. These medications are commonly used to treat conditions such as heart failure, blood clots, diabetes, arthritis, and Crohn’s disease. This agreement is expected to provide relief for millions of seniors and American taxpayers.
Harris’s Decisive Role in Driving Change
Vice President Harris played a key role in pushing forward the bill that allowed for Medicare to negotiate prescription drug prices. Her decisive vote in the Senate helped pass the legislation in 2022. The administration’s efforts have resulted in significant savings for individuals enrolled in Medicare Part D, with an estimated $1.5 billion in out-of-pocket costs saved.
Continued Commitment to American Health and Well-being
President Biden and Vice President Harris have reiterated their commitment to fighting for the health, well-being, and financial stability of the American people. Harris, who recently assumed the position of the party’s presidential candidate, emphasized the importance of ongoing efforts to improve access to affordable healthcare.
In conclusion, the announcement of lower prescription drug prices marks a significant step in the administration’s mission to make healthcare more affordable for all Americans. With the support of Vice President Harris and the determination of President Biden, these efforts are poised to bring about positive change in the lives of millions of individuals across the country.
