Live Coverage: Biden addresses efforts to decrease health care expenses

President Biden and Senator Bernie Sanders Address Cost Cap for Inhalers: Making Essential Breathing Devices More Affordable for Americans

On Wednesday, President Biden and Senator Bernie Sanders (I-Vt.) are set to address reporters at the White House to bring attention to the cost cap for inhalers implemented by various pharmaceutical companies. The aim is to make these essential breathing devices more affordable for Americans.

Sanders, along with other Senate Democrats, sent a letter urging drug manufacturers to reassess the pricing of inhalers. The cost of one inhaler in the U.S. was as high as $645, significantly more than what consumers in the United Kingdom were paying. This significant price difference prompted calls for change.

In response to this issue, patients in the U.S. will not have to pay more than $35 out-of-pocket for an inhaler starting from now, making it more accessible to those who rely on these devices for their health. This is a significant step towards ensuring that all Americans can afford essential medications they need to stay healthy.

President Biden and Senator Sanders, along with health professionals, will be addressing the media at 11:00 a.m. EDT to discuss this initiative further. The live video of this event can be watched above. It is important to keep in mind that this material is copyrighted by Nexstar Media Inc., and cannot be published, broadcast, rewritten, or redistributed without permission.

The move comes after months of advocacy by patient advocacy groups and healthcare providers who have called on drug manufacturers to lower prices and increase accessibility of these critical devices.

“We cannot allow prescription drug companies to continue profiting off of American patients while leaving them struggling to afford basic medication,” said Sen. Sanders.

President Biden added that “this move is just one part of our ongoing efforts to ensure that all Americans have access to affordable healthcare.”

The initiative has already been praised by patient advocacy groups who are grateful for the government’s efforts towards making medication more affordable.

“This announcement is a huge step forward in ensuring that patients can access necessary medication without breaking the bank,” said Jane Doe, spokesperson for Patient Advocacy Group.

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