President Joe Biden lays out a plan to decrease prices for prescription drugs.
He will build on existing progress to increase competition to lower drug prices, allowing Medicare to negotiate drug prices and making other reforms to lower prices.
“For years, the price of many prescription drugs has dramatically outpaced inflation. These prices have put the squeeze on too many families and stripped them of their dignity. They've been forced, we’ve forced people into terrible choices, between maintaining their health, paying the rent or the mortgage, putting food on the table,” Biden said.
He later added that affordable health insurance will help people afford their prescription drugs.
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