LIVE: Biden and Harris deliver remarks on lowering drug costs | NBC News
Unbridled Emotions as President Biden Delivers Heartfelt Speech on Lowering Prescription Drug Prices
[Applause]
A Moving Tribute to the Nation’s Seniors and Their Struggles
Today, we take a significant step towards making prescription drug prices more affordable for the millions of Americans who rely on these medications to manage their health. As we celebrate this victory, we also recognize the incredible impact that our actions will have on the lives of our nation’s seniors, who have dedicated their lives to contributing to our country’s prosperity and strength.
The Reality of Prescription Drug Prices
For too long, many seniors have struggled to afford the life-saving medications that their doctors prescribe. This is not only a personal struggle, but also a dignitary one. How many times have we seen loved ones sacrifice their own health, sacrificing their well-being for the sake of financial stability? The stories are heartbreaking, and it is our responsibility as leaders to take action to ensure that these Americans have access to the healthcare they need without sacrificing their financial security.
Medicare’s Power to Negotiate
As a nation, we have been robbed of our collective bargaining power, and we are taking it back. Medicare will now be able to negotiate lower prescription drug prices, giving us a tool to take on Big Pharma and their exorbitant pricing. For decades, we have watched as Big Pharma has inflated prices to maximize their profits, and it’s time to put an end to this abuse.
President Biden’s Vision
In the last three months as president, we have taken significant steps towards addressing this crisis. We have already lowered prices for 15 medications, and next year, we will expand that to 20. Our ultimate goal is to ensure that every American, regardless of their age or income, has access to affordable prescription drugs. This is not a partisan issue; this is an issue of human dignity, of our commitment to the well-being of every American.
Cracking Down on Junk Fees and Surprise Medical Billing
We will also crack down on junk fees and surprise medical billing. When you go to the hospital, you should know exactly what you’ll be charged, not be blindsided with an unexpected bill. This is an attack on the integrity of our healthcare system, and we will stop it.
Unions and Economic Strength
Finally, we must recognize the crucial role that unions play in our economic strength. When we lift up workers, we lift up the entire economy. Our commitment to collective bargaining, fair wages, and safe working conditions will only strengthen our nation’s resolve to achieve greatness.
In Closing
We will not stop until every American has access to affordable healthcare. We will not rest until we have ensured that every worker is treated with dignity and respect. This is the United States of America, where nothing is beyond our capacity when we work together.
