Biden Pushes Lower Health Care Costs and Takes a Dig at Trump

Speaking in New Hampshire, the president highlighted his pledges to cap insulin prices, make permanent expanded tax credits under the Affordable Care Act and limit out-of-pocket prescription drug costs.

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Biden Pushes Lower Health Care Costs and Takes a Dig at Trump | INFBusiness.com

President Biden said in Goffstown, N.H., on Monday, “I won’t cut Social Security, I won’t cut Medicare.”

President Biden visited New Hampshire on Monday to talk up proposals in his newly released budget that he said would reduce health care costs for Americans, part of a general-election push to lay out his vision for a second term and convince voters of the success of his first one.

Mr. Biden highlighted pledges he made at his State of the Union address last week to cap insulin prices at $35 per month for all consumers, make permanent expanded tax credits available under the Affordable Care Act and limit out-of-pocket prescription drug costs to $2,000 annually for all Americans.

“It could be transformational,” Mr. Biden said during a speech to about 175 invited guests at the Y.M.C.A. Allard Center in Goffstown, N.H.

The new proposals are expansions of health care policies that Mr. Biden has already enacted, including capping the monthly price of insulin and annual out-of-pocket drug costs for those on Medicare. He talked extensively about health care during his speech to the nation last week, attacking “Big Pharma.”

But not many Americans are aware of his efforts — reflecting a wider problem Mr. Biden has in persuading voters that his first-term accomplishments have earned him another four years in the White House over his predecessor, Donald J. Trump.

For instance, only about a quarter of Americans knew that Mr. Biden had capped the price of insulin, even though such proposals had received broad public support, according to a December poll by KFF. Even many voters over 65 — those directly affected by the new policies — were not familiar with Mr. Biden’s measures, part of the Inflation Reduction Act enacted in 2022, the poll found.

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Source: nytimes.com

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