Biden urges Congress to lower prescription drug costs

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Biden urges Congress to lower prescription drug costs

Nasdaq2021-08-13

By Jeff Mason and Susan Heavey WASHINGTON, Aug 12 (Reuters)-President Joe Biden on Thursday calledon U.S. lawmakers to enact legislation aimed at lowering drug prices, including allowing Medicare to ...

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·2021-08-13
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But the outbreak of the highly contagious disease, which upended the economy and has so far killed more than 617,000 people in the <a href=\"https://laohu8.com/S/UBNK\">United</a> States, also drew renewed attention to healthcare costs.</p>\n<p>Biden on Thursday lauded drugmakers for their life-saving work developing the COVID-19 vaccines.</p>\n<p>\"But we can make a distinction between developing these breakthroughs and jacking up prices on a range of medications for a range of everyday diseases and conditions,\" he said in remarks at the White House.</p>\n<p>Biden said U.S. prescription drug costs were higher than any other nation in the world by two to three times.</p>\n<p>Drugmakers, reeling from reduced doctor visits and demand for some drugs amid the pandemic,raisedprices on more than 500 medicines, an analysis released in January showed.</p>\n<p>After passing a $1.9 trillion coronavirus-related bill in March, Democrats adopted a two-pronged strategy - a $1 trillion hard infrastructure plan that passed the Senate this week and a forthcoming $3.5 trillion spending measure for so-called human infrastructure.</p>\n<p>That spending plan would expand Medicare to include dental, visionandhearing benefitsas well aslower the eligibility age, among other healthcare, climate and childcare provisions. More than 61.2 million people have coverage under the Medicare health insurance program for the elderly and disabled, according to the Centers for Medicare and Medicaid Services (<a href=\"https://laohu8.com/S/00867\">CMS</a>).</p>","source":"lsy1603171495471","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden urges Congress to lower prescription drug costs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden urges Congress to lower prescription drug costs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-13 10:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.nasdaq.com/articles/biden-urges-congress-to-lower-prescription-drug-costs-2021-08-12><strong>Nasdaq</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Jeff Mason and Susan Heavey\nWASHINGTON, Aug 12 (Reuters)-President Joe Biden on Thursday calledon U.S. lawmakers to enact legislation aimed at lowering drug prices, including allowing Medicare to ...</p>\n\n<a href=\"https://www.nasdaq.com/articles/biden-urges-congress-to-lower-prescription-drug-costs-2021-08-12\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.nasdaq.com/articles/biden-urges-congress-to-lower-prescription-drug-costs-2021-08-12","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184306979","content_text":"By Jeff Mason and Susan Heavey\nWASHINGTON, Aug 12 (Reuters)-President Joe Biden on Thursday calledon U.S. lawmakers to enact legislation aimed at lowering drug prices, including allowing Medicare to negotiate drug prices and imposing penalties on drugmakers that hike prices faster than inflation.\nThe Democratic president's remarks laidout his vision to help reduce the costs for prescription medications as part oftheBuild Back Better agenda he is seeking to push through Congress as the nation continues to grapple with the COVID-19 pandemic.\nPharmaceutical manufacturers have earned high praise for quickly developing vaccines against the novel coronavirus. But the outbreak of the highly contagious disease, which upended the economy and has so far killed more than 617,000 people in the United States, also drew renewed attention to healthcare costs.\nBiden on Thursday lauded drugmakers for their life-saving work developing the COVID-19 vaccines.\n\"But we can make a distinction between developing these breakthroughs and jacking up prices on a range of medications for a range of everyday diseases and conditions,\" he said in remarks at the White House.\nBiden said U.S. prescription drug costs were higher than any other nation in the world by two to three times.\nDrugmakers, reeling from reduced doctor visits and demand for some drugs amid the pandemic,raisedprices on more than 500 medicines, an analysis released in January showed.\nAfter passing a $1.9 trillion coronavirus-related bill in March, Democrats adopted a two-pronged strategy - a $1 trillion hard infrastructure plan that passed the Senate this week and a forthcoming $3.5 trillion spending measure for so-called human infrastructure.\nThat spending plan would expand Medicare to include dental, visionandhearing benefitsas well aslower the eligibility age, among other healthcare, climate and childcare provisions. More than 61.2 million people have coverage under the Medicare health insurance program for the elderly and disabled, according to the Centers for Medicare and Medicaid Services (CMS).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":26,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}