Medicare’s prescription drug benefit is delivered through private insurers, and the program is currently barred by law from negotiating prices directly with pharmaceutical companies.
House Speaker Nancy Pelosi is moving ahead with her plan to use expected savings from lower spending on drugs to expand Medicare benefits, capping prescription drug bills for seniors.
But Republicans are solidly opposed to Medicare negotiations, and some Senate Democrats have qualms. It’s unclear if Pelosi’s approach can get through the Senate.
– By AP writer Ricardo Alonso-Zaldivar
Marking his first 100 days in office, President Joe Biden will use his first joint address to Congress on Wednesday to pitch a $1.8 trillion investment in children, families and education that would fundamentally transform the role government plays in American life.
– A closer look at Biden’s $1.8 trillion plan for families and education
– Tim Scott, only Black GOP senator, set to respond to Biden
The White House released brief excerpts of Biden’s Wednesday night speech, which comes on the eve of his 100th day in office.
Biden is to say that he inherited the White House amid “the worst pandemic in a century. The worst economic crisis since the Great Depression. The worst attack on our democracy since the Civil War.”
Biden will add: “Now – after just 100 days – I can report to the nation: America is on the move again. Turning peril into possibility. Crisis into opportunity. Setback into strength.”
Biden plans to use the address to unveil his push for a $1.8 trillion investment in children, families and education that would fundamentally transform the roles the government plays in American life. He is also expected to address his $2.3 trillion infrastructure proposal, as well as call on Congress to pass gun control legislation and reforms to the nation’s immigration system.
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