{"id":125230,"date":"2022-02-10T10:40:58","date_gmt":"2022-02-10T10:40:58","guid":{"rendered":"https:\/\/fin2me.com\/?p=125230"},"modified":"2022-02-10T10:40:58","modified_gmt":"2022-02-10T10:40:58","slug":"biden-trip-to-put-focus-on-lowering-drug-prices-as-he-tries-to-revive-agenda","status":"publish","type":"post","link":"https:\/\/fin2me.com\/politics\/biden-trip-to-put-focus-on-lowering-drug-prices-as-he-tries-to-revive-agenda\/","title":{"rendered":"Biden trip to put focus on lowering drug prices as he tries to revive agenda"},"content":{"rendered":"

Fox Business Flash top headlines for February 9<\/h2>\n

Check out what’s clicking on FoxBusiness.com.\n<\/p>\n

President Biden will visit Culpeper, Virginia, Thursday and is expected to call attention to the "unacceptable" cost of medications in the U.S. as part of his effort to fulfill one of his key agenda proposals: limiting the cost of prescription drugs.<\/p>\n

GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/p>\n

The trip is seen as a chance to get his stalled domestic agenda back on track.<\/p>\n

Biden’s trip will also be an opportunity for him to start promoting his party’s candidates in November’s midterm elections. He’s expected to appear alongside Rep. Abigail Spanberger, D-Va., who is in danger of losing her seat representing a central Virginia district.<\/p>\n

Prescription drugs will be a focal point for Biden’s visit.<\/p>\n

DRUGMAKERS GEAR UP FOR PRICE RESTRICTIONS IN BIDEN’S LEGISLATIVE AGENDA<\/strong><\/p>\n

"I am grateful for the administration’s attention to this issue — but more than that, I look forward to hearing the president’s strategy for how we can sign a transformative prescription drug-focused bill into law," Spanberger said in a statement when Biden’s trip was announced.<\/p>\n

<\/picture>\n

Customer in pharmacy holding medicine bottle. Woman reading the label text about medical information or side effects in drug store. istock<\/span><\/p>\n

Biden has yet to get bipartisan consensus for the lowering prescription drug costs, an idea popular with voters.<\/p>\n

MARK CUBAN LAUNCHES ONLINE PHARMACY, CLAIMS IT'S 'RADICALLY TRANSPARENT'<\/strong><\/p>\n

Among Biden's proposals are capping out-of-pocket medication costs for Medicare recipients at $2,000 per year and insulin at $35 per month. <\/p>\n

Another proposal involves allowing Medicare to negotiate prices for a limited number of prescription drugs and drugmakers would be required to pay rebates if they raise costs faster than inflation.<\/p>\n

CLICK HERE TO READ MORE ON FOX BUSINESS<\/u><\/strong><\/p>\n

"It’s safe to say that all of us can agree that prescription drugs are outrageously expensive in this country," Biden said Dec. 6.<\/p>\n

The Associated Press contributed to this report.<\/i><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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President Biden will visit Culpeper, Virginia, Thursday and is expected to […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"yoast_head":"\nBiden trip to put focus on lowering drug prices as he tries to revive agenda - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/politics\/biden-trip-to-put-focus-on-lowering-drug-prices-as-he-tries-to-revive-agenda\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Biden trip to put focus on lowering drug prices as he tries to revive agenda - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Fox Business Flash top headlines for February 9 Check out what’s clicking on FoxBusiness.com. 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