President Biden has left out of his American Families human-capital investment plan drug pricing reforms that Democratic leaders in Congress have pressed him hard to add. House Speaker Nancy Pelosi (D-Calif.), House Energy and Commerce (E&C) Chair Frank Pallone (D-N.J.), and Senate Finance Committee Chair Ron Wyden (D-Ore.) all have said that the legislation to implement Biden’s plan must include something to reduce what consumers and the government pay for medicines.
Biden outlined his human-capital investment plan in a speech to a joint session of Congress last night. In his remarks, he said, “Let’s give Medicare the power to save hundreds of billions of dollars by negotiating lower prices for prescription drugs.”
President Biden has left out of his American Families human-capital investment plan drug pricing reforms that Democratic leaders in Congress have pressed him hard to add. House Speaker Nancy Pelosi (D-Calif.), House Energy and Commerce (E&C) Chair Frank Pallone (D-N.J.), and Senate Finance Committee Chair Ron Wyden (D-Ore.) all have said that the legislation to implement Biden’s plan must include something to reduce what consumers and the government pay for medicines.
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