President Joe Biden will call on Congress to allow Medicare to increase its ability to negotiate drug prices and to expand caps on consumer prescription drug costs during his State of the Union address Thursday.
White House Domestic Policy Advisor Neera Tanden told reporters Wednesday that the president will ask Congress to build on work from the 2022 health care and climate law that granted federal authority to negotiate the price of some drugs in Medicare, place caps on out-of-pocket prescription drug costs for seniors and charge drug companies if they raise prices at a rate higher than inflation.
“The president’s work on health care is a signature issue for us,” said Tanden.
