Welcome

Biden Puts Onus for Lowering Drug Prices in Congress’s Hands

April 29, 2021, 5:37 PM

President Joe Biden’s push for Congress to allow government drug negotiations is a swerve from the last president’s drug policy agenda and a sign he might give deference to lawmakers rather than executive orders.

“We all know how outrageously expensive drugs are in America,” Biden said in his speech to Congress on Wednesday. “We talked about it long enough, Democrats and Republicans. Let’s get it done this year.”

Allowing Medicare to negotiate directly with drugmakers on the price of the medications the program covers for seniors has long been a priority among Democrats, yet it’s absent from the American Families ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.