Joe Biden pushing lower prescription drug costs in midterm press

LOS ANGELES: President Joe Biden is set to highlight his administration’s effort to lower prescription drug costs Friday as part of his three-state tour of the West this week, as he confronts abuse reports. worsened during the weakening weeks leading up to the midterm elections.
Biden will visit a community college in Irvine, California, to meet seniors and advertise his administration’s efforts to lower inflation and reduce costs. The visit comes after an announcement that millions of Social Security Recipients will see an 8.7% increase in their benefits by 2023, a historic increase but profits will be eaten up in part by rising daily living costs.
Despite the President’s efforts, inflation is rising and Republicans are taking advantage of higher prices, seeing openings in California and elsewhere likely to increase US House seat. The president will also make his case in Oregon before heading back to the East when the Democratic gubernatorial race ends with an independence vote.
Consumer prices, excluding volatile food and energy costs, rose 6.6% in September from a year ago – the fastest pace in four decades. And on a monthly basis, such “core” price rose 0.6 percent for the second time in a row, defying expectations of a slowdown and signaling that multiple Fed rate hikes have yet to ease pressure. inflationary force. The underlying price often provides a clearer picture of the underlying price trend.
Biden acknowledged the issue on Thursday, saying “Americans are squeezed by the cost of living. That’s been true for years, and people don’t need to report to say they’re being squeezed.”
He also returned to a metaphor he often used during his first year in office, talking about the issues Americans talk about around the “kitchen table”, advertising his administration’s efforts to reduce costs even when in office. when inflation increases.
“From prescription drugs, health insurance, energy bills, and more,” he says. “We support those who are working and their right to a raise and a better job.”
The The White House speak Biden will also sign an executive order that will direct the U.S. Department of Health and Human Services to look for additional ways to reduce drug costs.


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