PBS News Hour

Biden strikes deal to reduce Medicare prescription prices

Medicare reached agreements with major pharmaceutical companies to cut the cost the government pays for ten prescription drugs used by millions of Americans. It marks the first time the government has been able to negotiate directly with drugmakers, a result of provisions in the Inflation Reduction Act. Amna Nawaz discussed the impact with Neera Tanden, domestic policy adviser to President Biden.

Biden strikes deal to reduce Medicare prescription prices

6m 42s

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