Biden Expected to Talk Drug Prices During State of the Union Address
February 7, 2023
During his State of the Union address tonight, February 7th, US President Joe Biden is expected to speak about high drug prices and his administration’s efforts to address them. A key talking point will likely be the $35 a month insulin price cap for patients on Medicare and efforts to make that price limit universal. In addition, he will likely discuss the provision of the Inflation Reduction Act that lets Medicare negotiate some drug prices.
According to Zachary Brennan, “More than 60 million Medicare recipients will benefit from the negotiations, the Biden team claims, although it doesn’t mention what the negotiations might do for launch prices, and it’s still unclear the extent to which the law will be utilized, particularly as companies work around it.”
To read more, click here.
(Source: Endpoints News, February 7th, 2023)