Biden talks about limiting certain drug prices

President Joe Biden recently discussed the issue of high drug costs in the United States during a recent discussion. Three companies have agreed to cap the price of asthma inhalers at $35, providing relief to Americans who rely on these medications. Biden emphasized that while he considers himself a capitalist, he believes that some actions by drug companies amount to exploitation.

Senator Bernie Sanders, an independent from Vermont, also highlighted the need to tackle the high cost of prescription drugs. He commended the efforts of the Biden administration and Democrats in Congress to push for lower drug prices, including implementing a price cap for seniors starting next year. Sanders stressed the importance of protecting Americans from being overcharged by pharmaceutical companies, especially in comparison to other countries.

The discussion coincided with the 10th anniversary of the Affordable Care Act, commonly known as Obamacare, which established government health care marketplaces for those without access to employer-sponsored plans. Data from the Kaiser Family Foundation showed that the average annual health care premium for single coverage in 2023 was $8,435, while family coverage averaged $23,968. Premiums have increased by 22% for both types of coverage since 2018.

During the most recent Open Enrollment Period, more than 21 million Americans either selected or were automatically re-enrolled in health insurance coverage through HealthCare.gov and state-based Marketplaces. The ongoing efforts to address high drug costs and make health care more affordable for Americans are crucial priorities for the Biden administration and lawmakers in Congress.

In conclusion, President Joe Biden and Senator Bernie Sanders have emphasized the need to address high drug costs and make health care more affordable for Americans. The recent agreement by three companies to cap the price of asthma inhalers is a step in the right direction towards achieving this goal.

However, there is still much work to be done as premiums continue to increase and many Americans remain uninsured or underinsured due to factors such as income inequality and job loss during COVID-19 pandemic.

Therefore, it is essential that lawmakers continue their efforts towards implementing policies that will help reduce healthcare costs and ensure equal access to quality healthcare for all Americans.

By Riley Johnson

As a content writer at newsmol.com, I dive into the depths of information to craft compelling stories that captivate and inform readers. With a keen eye for detail and a passion for storytelling, I strive to create engaging content that resonates with our audience. Whether it's breaking news, in-depth features, or thought-provoking opinion pieces, I am dedicated to delivering high-quality, informative content that keeps readers coming back for more. My goal is to bring a fresh perspective to every article I write and to make a meaningful impact through the power of words.

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