Biden to highlight health care cost achievements with New Hampshire visit
CBSN
Concord, New Hampshire – President Biden will tout his administration's health care achievements during a visit to New Hampshire on Tuesday alongside Sen. Bernie Sanders, as the president seeks to cement his policy legacy.
Mr. Biden is expected to speak at Concord Community College, where he will highlight a new report by the Health and Human Services that found nearly 1.5 million Medicare enrollees saved nearly $1 billion on prescription drugs in the first half of 2024.
The savings are a result of the cap on out-of-pocket drug costs put in place in the Inflation Reduction Act, a signature piece of legislation Mr. Biden signed into law in 2022. The law capped out-of-pocket drug costs for Medicare beneficiaries at $3,500 per year, and next year the cap will go down to $2,000 per year.
