Biden Calls Drugs ‘Outrageously Expensive,’ Prods Senate to Act

Dec. 6, 2021, 7:55 PM

President Joe Biden said prescription drug prices in the U.S. are excessively high and that his expansive tax and spending bill would help lower costs, as he prodded the Senate to pass the legislation.

“We can agree that prescription drugs are outrageously expensive in this country,” Biden said Monday at the White House. “It doesn’t need to be that way.”

WATCH: President Joe Biden talks about his plan to lower drug prices.
Source: Bloomberg

The plan, which is part of the House-passed Build Back Better Act, would follow through on Democrats’ long-standing promise to direct the federal government to negotiate Medicare drug prices and to penalize drug companies for massive price spikes. ...

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