10/14/2022

Pres. Biden to Sign Order Seeking New Prescription Drug Cost Savings

He's expected to sign the EO today

Today, President Joe Biden will sign an executive order pushing federal officials to drive prescription drug costs down during a pre-election trip designed to promote Democrats' health policies, an official said.

The order requires the U.S. Department of Health & Human Services (HHS) to outline within 90 days how it will use new models of care and payment to cut drug costs, according to the White House official, who declined to be identified previewing the president's action.

Biden plans to sign the order during a trip that includes stops in California on Friday and Oregon on Saturday as he positions his party as a champion of lower healthcare costs ahead of Nov. 8 midterm elections at a time that inflation ranks among voters' top concerns.

Please select this link to read the complete article from Reuters.