Biden endorses controversial drug pricing plan to pay for Obamacare

Published April 29, 2021 2:47am ET



President Joe Biden called on Congress to pass controversial legislation allowing Medicare to negotiate the prices of prescription drugs to offset the costs of improving Obamacare.

“Let’s give Medicare the power to save hundreds of billions of dollars by negotiating lower prescription prices,” Biden said Wednesday. “And the money you save … billions of dollars can go to strengthen [Obamacare].”

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