Biden Wants Congress To Set Sights On Cutting Drug Prices

By Adam Lidgett (August 12, 2021, 2:47 PM EDT) -- President Joe Biden is pushing federal lawmakers to come through on a plan to rein in prescription drug prices, including by finding a way to eliminate a prohibition on Medicare's negotiation of drug prices.

In a speech Thursday, Biden asked Congress to address high drug prices, a perennial pocketbook concern for voters.

He highlighted various reforms he wanted, such as doing away with Medicare's inability to haggle over drug prices and punishing drug manufacturers whose products have had price hikes that outpace inflation.

"There aren't a lot of things that almost every American can agree on," Biden said Thursday afternoon. "I...

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