Biden to tout efforts to lower prescription drug costs in NIH visit ...Middle East

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Biden to tout efforts to lower prescription drug costs in NIH visit
President Biden will travel to the National Institutes of Health in Maryland on Thursday to deliver remarks highlighting how a signature piece of legislation is capping prescription drug costs. Biden will make the short trip to Bethesda to announce that dozens of pharmaceutical companies will be required to pay rebates to Medicare because they raised drug prices faster than the rate of inflation. The Inflation Reduction Act, a sweeping climate and health care law Biden signed in 2022, gives the government the authority to crack down on price gouging around prescription drugs and require companies to pay rebates back to Medicare. The White House said in the last quarter of 2023 th

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