‘ Lastly, we beat Great Pharma,’ President Biden said.
On Wednesday, President Joe Biden convened a White House meeting to discuss his administration’s ongoing struggle against Big Pharma and work to reduce prescription drug prices.
Sen. Bernie Sanders ( I- Vt. ), his one- period 2020 Democratic primary player, joined President Biden to show his efforts to cut medical costs—particularly his new steps to lower the cost of drugs.
” You and I have been fighting this for 25 times”, President Biden said to Mr. Sanders during the occasion. ” Finally, we beat Big Pharma, eventually”.
President Biden criticized pharmaceutical companies for charging “exorbitant prescribed medication prices.”
He also emphasized how Medicare elderly ‘ drug costs are being reduced by the Inflation Reduction Act.
According to Mr. Sanders, who was speaking at the event, Americans are” sick and tired of paying by far the highest rates in the world for prescribed drugs.”
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” On ordinary, we pay over three times as much as the people of different key countries for company- title prescription drugs, and in some cases, we are paying 10 or 20 times more than people around the world for the exact same product”, he added.
President Biden applauded Mr. Sanders ‘ efforts to stop pharmaceutical firms that charge excessively high rates for asthma drugs.
Asthma impacts 27 million Americans, according to the White House, including more than four million boys.
” Some asthma medications may have been available for more than 25 times. They cost less than$ 5 to make”, President Biden said.
However, in the United States, the list price for inhalers has been between$ 200 and$ 600 for those without insurance.
Federal Trade Commission Chair Lina Khan spoke at the celebration about the “bogus inventions” of pharmaceutical companies, which keep inhaler prices high. She claimed that three of the top four pharmaceutical companies announced that the maximum price for asthma inhalers would start at$ 35 after the administration issued these companies ‘ notice.
President Biden made the suggestion during his speech that all Americans must pay the$ 2, 000 cap on prescription drugs and$ 35 insulin, as well as that Medicare be able to bargain for at least 50 medications annually.
” I think we should be more aggressive”, he said.
Additionally, the senator claimed that his efforts to reduce medical costs are in stark contrast to those of former President Donald Trump and Republican members of Congress.
He criticized Republican for attempting to slash Social Security and Medicare while ending the Affordable Care Act.
The incident occurs as President Biden works to raise his assent scores.
President Trump is leading by 2 to 8 percent items in six states—Pennsylvania, Michigan, Arizona, Georgia, Nevada, and North Carolina—on a test vote with next- group and independent candidates. The outcomes remained the same when voters were just limited to choosing between him and Joe Biden.
In Wisconsin, but, Joe Biden leads by three items on the multiple- member vote. In a head-to-head game in Wisconsin, the two individuals are tied.
