Biden reveals plan to lower prescription drug costs by directly negotiating with pharma companies

September 13, 2021

The Biden administration unveiled a plan to lower prescription drug prices for Medicare recipients on Thursday that would include backing a proposal in Congress that enables the federal government to directly negotiate with pharmaceutical companies and then passing those rates on to the private sector. ‘High drug prices result in access and affordability challenges for many Americans.

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2021-09-09 20:31:43

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