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Will Biden and Harris’ ‘historic’ drug price deal resonate with US voters in November?
- The deal will reduce the price of 10 key medicines for seniors, for conditions including diabetes, heart failure and blood clots
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Joe Biden shared a key economic victory with Democratic presidential nominee Kamala Harris on Thursday, after securing a cut on drug prices that could resonate with US voters worried about the cost of living.
The 81-year-old president and 59-year-old vice-president announced the deal as they prepared to make their first joint trip since Biden’s seismic decision to drop out of the presidential election less than a month ago.
The “historic” agreement with drug makers will reduce the price of 10 key medicines for seniors, for conditions including diabetes, heart failure and blood clots, they said in joint statements released by the White House.
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The deal will save older Americans US$1.5 billion and the Medicare federal health insurance scheme US$6 billion in the first year, the statements added.
While the deal was Biden’s brainchild, he appears to have chosen to share the credit with Harris as she ramps up her battle with Republican Donald Trump ahead of November’s election.
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