WATCH LIVE: Biden delivers speech on efforts to lower prescription drug costs

President Joe Biden In a speech, he will discuss his plan for lowering the price of gasoline. prescription drug Prices after publication of new data from Biden’s administration showing the impact of the Inflation Reduction Act (IRA) on healthcare costs.

Biden is expected claim that 3.4 Million seniors and people with disabilities would have saved an average $70 per year if the Inflation Reduction Act in 2021 had been in force. The act also allowed Medicare We were able to negotiate lower prescription drug prices for seniors and set a $35 price limit on insulin.

BIDEN ADMINISTRATION DON’T WANT DOCTORS PRESCRIBING CONTROLLED SUBSTANCES RESPONSIBLE

Seniors may begin to see out-of pocket costs beginning April 1. “Part B” A White House fact sheet states that prescription drug costs have fallen by $2 to as high as $390 for the average dose.

After the Bureau of Economic Analysis reported in February that inflation had fallen to 4.6% per annum, this indicates that inflationary pressures have been decreasing in the face of Federal Reserve’s campaign of slowing economywide spending through raising interest rates.

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Biden will give his speech in Las Vegas (Nevada) on Wednesday, February 2, at 2:30 pm.