Biden Teams Up With Bernie Sanders to Promote Lower Health Care Costs

Contact Your Elected Officials
The Epoch Times Header

‘Finally, we beat Big Pharma,’ President Biden said.

WASHINGTON—President Joe Biden held a White House meeting on Wednesday to highlight his administration’s continued fight against Big Pharma and efforts to lower prescription drug costs.

Sen. Bernie Sanders (I-Vt.), his one-time 2020 Democratic primary opponent, joined President Biden to highlight his efforts to cut healthcare costs—particularly his recent steps to lower the cost of inhalers.

“You and I have been fighting this for 25 years,” President Biden said to Mr. Sanders during the event. “Finally, we beat Big Pharma, finally.”

President Biden criticized drug companies for charging “exorbitant prescription drug prices.”

He also highlighted how the Inflation Reduction Act is lowering drug costs for seniors on Medicare.

Speaking at the event, Mr. Sanders said that Americans “are sick and tired of paying by far the highest prices in the world for prescription drugs.”

“On average, we pay over three times as much as the people of other major countries for brand-name 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 praised Mr. Sanders’ efforts to take on pharmaceutical companies that charge unreasonably high prices for asthma inhalers.

Asthma impacts 27 million Americans, according to the White House, including more than four million kids.

“Many asthma medications may have been on the market for more than 25 years. 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.

During the event, Federal Trade Commission Chair Lina Khan spoke about the “bogus patents” of pharmaceutical companies that keep the costs of inhalers elevated. She said that after the administration put these pharma companies on notice, three of the top four companies announced that the maximum pricing for asthma inhalers would be $35 beginning in June.

During his speech, President Biden proposed to extend the $2,000 cap on prescription drug costs and $35 insulin to all Americans, while also allowing Medicare to negotiate prices for at least 50 drugs a year.

By Emel Akan

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

This Is America: Target™ Reparations

“This Is America” explores the cultural undercurrents pulling Western...

Blind Man’s Shutdown

Congress is playing the equivalent of Bind Man's Bluff. With the shout “tag your it” they seek to blame the other party for the government shutdown.

A Reluctant Acknowledgment: What Conservatives Can Admire in Everyday Progressives

Admirable ideological qualities seen in liberals and left-wing individuals are those of the everyday believer not their political leadership.

Ensuring Domestic Tranquility

The Supremacy Clause in Article VI of the U.S. Constitution establishes it as the highest law of the land, taking precedence over conflicting state laws.

Is There a 9/11 WTC and 9/10 Charlie Kirk Connection?

Strange parallels in online stories raise questions about whether Israelis and Mossad intelligence are our allies or adversaries.

Trump to Deploy 300 National Guard Members in Illinois, Pritzker Says

President Trump to deploy 300 National Guard members in Illinois after DHS said federal officers were rammed and fired upon near Chicago,

A Shooting Near Houston Suburb Leaves Two Children Dead and Two Others in Critical Condition

Two children were killed and two more were critically injured in a shooting early Saturday near the Houston suburb of Angleton, Texas, authorities said.

Trump Admin to Offer Stipends for Unaccompanied Illegal Immigrant Children Who Voluntarily Return Home

Trump admin is offering a $2,500 stipend to children who voluntarily return to their home countries after illegally entering U.S. unaccompanied.

Rite Aid Closes Last Store, Ending Decades-Long Run as One of America’s Biggest Pharmacy Chains

Rite Aid, one of the largest pharmacy chains in the country, has permanently closed the last of its locations after struggling with bankruptcy for years.

Department of Energy Cancels $7.5 Billion in Project Funding

The Dept of Energy (DOE) said on Oct. 2 that it had terminated 321 federal grants funding 223 projects, amounting to about $7.56 billion in cuts.

White House Withdraws EJ Antoni’s Nomination to Lead Bureau of Labor Statistics

The White House has withdrawn economist EJ Antoni’s nomination to lead the Bureau of Labor Statistics, the White House confirmed on Sept. 30.

US to Impose 100 Percent Tariffs on Foreign-Made Movies, Trump Says

President Donald Trump announced on Sept. 29 that he will impose a 100 percent tariff on all movies produced outside the United States.

Trump to Host Netanyahu at White House to Discuss Gaza Peace Plan

President Trump will host Israeli Prime Minister Netanyahu at the White House on Sept. 29 to discuss a ceasefire and broader peace plan for Gaza.
spot_img

Related Articles

Popular Categories

MAGA Business Central