President Will Not Propose Lowering Drug Prices in His Budget

President Will Not Propose Lowering Drug Prices in His Budget

When he ran for President last year Joe Biden made fixing health care, including Medicare and Medicaid, part of his campaign.  Since becoming President, he has called on Congress to approve a plan to allow Medicare to lower spending on prescription drug costs and to strengthen Medicare, Medicaid, and the Affordable Care Act.

Unfortunately, the President’s budget request, which will be released at the end of this week, will not include specific policies or cost estimates to advance these measures according to our sources in Washington.

We are very disappointed that this is the case but the fact remains that lowering drug prices remains extremely popular because everyone hates high drug prices.

That’s why TSCL will continue our work with members of Congress to get legislation introduced to lower those prices.  We believe that if we can get drug price-reduction legislation through Congress the President will sign it.

However, we need your continued support to get Congress to take action.  As we reported last week, Democrats in the House of Representatives are divided on what kind of legislation they will support and Republicans have refused to support any legislation the Democrats have passed to lower drug prices.

In the Senate, there is bi-partisan legislation that would help lower prices but Minority Leader Mitch McConnell (R-Ky.) blocked it last year when he was Majority Leader, and he still opposes it.

So, seniors must work together to pressure Congress to get legislation passed to solve this crisis.  That’s why we need you to support our efforts on your behalf.