• Wed. Apr 17th, 2024

Biden and Sanders Call Out Pharmaceutical Exploitation in Healthcare as They Push for Lower Drug Prices

BySamantha Jones

Apr 3, 2024
Biden talks about limiting certain drug prices

President Joe Biden has been vocal about the high cost of prescription drugs in America. During a recent discussion, he addressed this issue and emphasized that some actions by pharmaceutical companies amount to exploitation, even though he considers himself a capitalist. Three companies have agreed to cap the price of asthma inhalers at $35, providing relief to Americans who rely on these medications.

Senator Bernie Sanders, an independent from Vermont, also highlighted the need for lower drug prices. He commended the efforts of the Biden administration and Democrats in Congress to push for this goal, including implementing a price cap for seniors starting next year. Sanders emphasized 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 (ACA), 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 premiums have increased by 22% for both single and family coverage since 2018. The average annual premiums were $8,435 and $23,968 respectively during this period.

During the most recent Open Enrollment Period, more than 21 million Americans 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 both President Biden and lawmakers in Congress.

In conclusion, addressing high drug costs is an important issue that needs attention from policymakers at all levels of government. While there have been some progress made towards lowering drug prices through agreements with pharmaceutical companies and legislative measures like price caps for seniors, there is still much work to be done before we can ensure that all Americans have access to affordable healthcare services without facing financial strain or harm.

As President Biden continues his administration’s push towards making healthcare more accessible and affordable for all Americans, it will be interesting to see how far they can go in addressing this issue while maintaining their commitment to capitalist principles. With Senator Sanders’ support and other advocates joining forces with them, it seems like positive change may be on its way if enough pressure is applied on pharmaceutical companies to act responsibly and provide affordable medication options for patients who need them most.

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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