Biden lauds drop in Medicare month-to-month premiums

President Biden doubled down on his pledge to decrease well being care prices on Tuesday, touting a Medicare premium drop for 2023 whereas slamming Republicans for opposing the Inflation Discount Act and its drug value controls.

Driving the information: The Biden administration introduced Tuesday that the month-to-month premium for outpatient care protection beneath Medicare will drop roughly 3% in 2023.

  • Medicare imposed a steep premium hike this yr, largely because of the excessive value of an Alzheimer’s drug for which it wound up solely providing restricted protection.

What he is saying: Pointing to restricted drug value negotiations licensed by the IRA, Biden mentioned, “For years many people have been making an attempt to repair this drawback, however for years, Massive Pharma has stood in the best way.”

  • “This yr, the American individuals received … Medicare will lastly get the ability to barter decrease pharmaceuticals.”
  • “Underneath Donald Trump, my Republican associates had no drawback enacting a $2 trillion tax lower that overwhelmingly benefited the wealthiest Individuals, the largest firms … and massively elevated the federal debt.”
  • “I want I may say Republicans supported this progress and lowering well being care prices and strengthening Medicare … However they’ve a really totally different thought,” he mentioned.

Price noting: Senate Republicans blocked the $35 cap on out-of-pocket spending on insulin for sufferers enrolled in non-public insurance coverage.

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