President Joe Biden says his administration is focused “intensely” on lowering health care costs
Biden, speaking before a crowd of doctors and nurses at the University of Nevada, Las Vegas, vowed to protect Medicare and Social Security, while touting his administration's successful efforts to press pharmaceutical companies to lower the costs of insulin for Americans suffering from diabetes.
“These kind of savings will give people a little bit more breathing room, more comfort as they decide to go to the grocery store to buy their food, more ability to pay their rent, or maybe it’s just to do something decent for their families,” Health and Human Services Secretary Xavier Becerra told reporters on Tuesday as he previewed the Democratic president's remarks.
Biden, however, has still championed last year's bill as a success for the millions of Americans who aren't on Medicare. Drug companies, facing public pressure after tripling their prices for the life-saving drug over the last two decades, have started to voluntarily lower the cost of insulin.
The Centers for Medicare and Medicaid Services won't send a bill to drug companies until 2025, but the federal agency has already started tracking drug prices. The agency on Wednesday, a move that will limit the price that Medicare enrollees have to pay for them. The administration hopes that will motivate drugmakers to lower the cost of those medications.
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