Biden stumps for lower drug costs in Nevada speech: ‘More popular than I am’

PResident Joe Biden He praised his efforts to lower prescription drug costs Wednesday afternoon by saying: “it’s going to change the way drugs are priced.”

Biden spoke in Las Vegas, Nevada after the release of new data. Biden administration The Inflation Reduction Act’s effects on healthcare costs.

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“All Americans deserve peace of mind that if illness strikes or they have an accident in their family, they can get the care they need and they can afford the care they need,” Biden said. “The truth is, too many folks lie in bed staring at the ceiling wondering what they would do if something happened.”

Biden claimed that 3.4 Million seniors and people with disabilities would have been able to save an average of $70 per year if the Inflation Reduction Act was in place in 2021. The act also allows for Medicare We were able to negotiate lower prescription drug prices for seniors and set a $35 price limit on insulin.

“The result of the law is that seniors on Medicare get common vaccines for things like tetanus, whooping cough, shingles, they get them for free now,” Biden said. “That used to cost them up to $200 per shot.”

Starting April 1, seniors could see out-of–pocket costs for a variety of services. “Part B” According to a White House factsheet, prescription drug prices have dropped by $2 to $390 for an average dose.

After the Bureau of Economic Analysis reported February that inflation fell to 4.6% annually, the speech on lowering prescription drug prices is a signal that inflationary pressures are decreasing in spite of the Federal Reserve’s efforts to slow down economywide spending and raise interest rates.

Nevada diabetic, who claimed that his insulin costs had been cut by half because of Biden’s actions, introduced Biden.

As he has done in nearly all his speeches recently, the president lashed out at Republicans, claiming that the party wants to take people’s healthcare.

“These MAGA Republicans, they’re just different,” Biden said. “They continue to be determined to repeal the Affordable Care Act. It’s hard to believe, but they’ve already voted to change or get rid of the ACA 50 times since it passed. They’ve failed every time.”

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He said that the programs he was proposing were popular.

“There’s nothing radical about what I’m proposing,” Biden said. “And if you look at the polling data, it’s overwhelmingly popular what we’re proposing. As a matter of fact, it’s a hell of a lot more popular than I am.”