• Thu. Apr 25th, 2024

Biden and Sanders Highlight the Urgent Need for Affordable Healthcare Amid Soaring Drug Prices

BySamantha Nguyen

Apr 3, 2024
Biden talks about limiting certain drug prices

During a recent discussion, President Joe Biden addressed the issue of high drug costs in the United States. He emphasized that while he considers himself a capitalist, he believes that some actions by drug companies amount to exploitation. 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 to tackle the high cost of prescription drugs. He commended the efforts of the Biden administration and Democrats in Congress to push for lower drug prices, including implementing a price cap for seniors starting next year. Sanders stressed the importance of protecting Americans from being overcharged by pharmaceutical companies, especially in comparison to other countries.

The ongoing efforts to address high drug costs and make health care more affordable for Americans are crucial priorities for the Biden administration and lawmakers in Congress. The average annual health care premium for single coverage in 2023 was $8,435, while family coverage averaged $23,968. Premiums have increased by 22% for both types of coverage since 2018.

During the most recent Open Enrollment Period, more than 21 million Americans either selected or were automatically re-enrolled in health insurance coverage through HealthCare.gov and state-based Marketplaces. Data from the Kaiser Family Foundation showed that during this period, nearly 67% of enrollees chose plans with a deductible of $0 or less

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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