Statement from President Biden on Medicare’s New $2,000 Cap on Prescription Drug Costs Taking Effect

The White House December 31, 2024

I believe that health care should be a right – not a privilege – and throughout my presidency I have advanced that goal. This week, we take another step closer to an America where everyone can afford the quality health care they need, as Medicare’s new $2,000 cap on prescription drug costs from my Inflation Reduction Act goes fully into effect. Here…

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