President Joe Biden is set to highlight his administration's efforts to lower prescription drug costs on Friday as part of his three-state Western tour this week, as he confronts a sobering inflation report in the waning weeks before midterm elections.
Biden will head to a community college in Irvine, California, to meet with older adults and tout his administration’s efforts to reduce inflation and drive down costs. The visit comes on the heels of an announcement that millions of Social Security recipients, a historic increase but a gain that will be eaten up in part by the rising cost of everyday living.
Biden acknowledged the issue on Thursday, saying that “Americans are squeezed by the cost of living. It’s been true for years, and folks don’t need a report to tell them they’re being squeezed.” “From prescription drugs, to health insurance, to energy bills, and so much more,” he said. “We’re standing up for working people and their right to get a raise and get a better job.”
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