Skip to main content
Tags: biden | drug prices | agenca

Biden Puts Focus on Drug Prices as He Tries to Revive Agenda

Joe Biden
President Joe Biden talks about the Build Back Better legislation's new rules around prescription drug prices in December. According to the White House, the legislation will lower the costs of prescription drugs by giving negotiating power to Medicare. (Getty Images)

Thursday, 10 February 2022 07:16 AM EST

President Joe Biden is trying to jump-start progress on his stalled domestic agenda by refocusing attention on one of his most popular proposals, limiting the cost of prescription drugs.

Biden is traveling on Thursday to Culpeper, Virginia, where White House press secretary Jen Psaki said the president will call attention to the “unacceptable” cost of medications.

“We need to act to stop the abuse of American families," she said.

Biden’s trip to Virginia will also be an opportunity for him to start promoting his party’s candidates in November’s midterm elections. He’s expected to appear alongside Rep. Abigail Spanberger, D-Va., who is in danger of losing her seat representing a central Virginia district.

“He is eager to go out there and hit the road for Democrats who are fighting for an agenda for the American people,” Psaki said Wednesday.

Spanberger is one of several Democrats who have raised alarms about slipping support from voters. She suggested in a November interview with The New York Times that Biden had overreached with his plans for new government programs that recalled the Depression-era agenda of President Franklin D. Roosevelt.

“Nobody elected him to be FDR; they elected him to be normal and stop the chaos,” she said.

However, prescription drugs remain a politically safe focal point for Biden’s visit.

“I am grateful for the administration’s attention to this issue — but more than that, I look forward to hearing the president’s strategy for how we can sign a transformative prescription drug-focused bill into law,” Spanberger said in a statement when Biden’s trip was announced.

Popular Issue for Voters

Efforts to lower prescription drug costs have long been popular with voters, but bipartisan consensus has proved elusive. It's unclear if there's a political path forward for Biden's plans in Congress.

His proposals include capping out-of-pocket medication costs for Medicare recipients at $2,000 per year and insulin at $35 per month. In addition, Medicare would be allowed to negotiate prices for a limited number of prescription drugs and drugmakers would be required to pay rebates if they raise costs faster than inflation.

“It’s safe to say that all of us can agree that prescription drugs are outrageously expensive in this country,” Biden said Dec. 6.

The provisions are part of Biden's expansive domestic agenda, known as “Build Back Better.” However, the legislation is at a standstill because of resistance from moderate Democratic Sens. Joe Manchin, D-W.V., and Kyrsten Sinema, D-Ariz.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


StreetTalk
President Joe Biden is trying to jump-start progress on his stalled domestic agenda by refocusing attention on one of his most popular proposals, limiting the cost of prescription drugs.
biden, drug prices, agenca
403
2022-16-10
Thursday, 10 February 2022 07:16 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved