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For Immediate Release

Contact

Linda Benesch, 240-342-4301, lbenesch@socialsecurityworks.org

Press Release

President Biden Commits to Lowering Drug Prices, Expanding Medicare & Medicaid

WASHINGTON -

The following is a statement from Alex Lawson, Executive Director of Social Security Works, on the fact sheet laying out details of the American Families Plan:

“We applaud President Joe Biden for saying that he intends to take on Big Pharma and lower drug prices for the people while expanding health care coverage options.

In their newly released fact sheet, the White House states, ‘President Biden has a plan to build on the Affordable Care Act and lower prescription drug costs for everyone by letting Medicare negotiate prices, reducing health insurance premiums and deductibles for those who buy coverage on their own, creating a public option and the option for people to enroll in Medicare at age 60, and closing the Medicaid coverage gap to help millions of Americans gain health insurance.’

This language matches assurances we have heard from the White House this week that if President Biden campaigned on a policy and Congress passes a bill that includes that policy, he will sign it.

As a new GAO report shows, Americans pay two to four times more for prescription drugs than people in other nations. We are dedicated to lowering drug prices and expanding coverage for everyone in this country.

We look forward to working with Speaker Nancy Pelosi and Majority Leader Chuck Schumer on including the drug pricing reforms laid out in HR 3, along with bold health care coverage expansions, in the next reconciliation package.”

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Social Security Works' mission is to: Protect and improve the economic security of disadvantaged and at-risk populations; Safeguard the economic security of those dependent, now or in the future, on Social Security; and Maintain Social Security as a vehicle of social justice.

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