TALKS AS SOME HAVE FEARED. >>> TAYLOR SWIFT RETURNS TO THE STAGE FOR THE FIRST TIME SINCE HER SHOWS IN AUSTRIA WERE CANCELED OVER A TERROR THREAT. A LOOK AT THE STEPPED UP SECURITY IN PLACE. >>> PRESIDENT JOE BIDEN AND VICE PRESIDENT KAMALA HARRIS WILL BE IN MARYLAND THIS AFTERNOON TO UNVEIL A NEW PLAN CUTTING PRESCRIPTION DRUG COSTS, THE AGREEMENT IS EXPECTED TO SAVE SENIORS MILLIONS OF DOLLARS. 10 POPULAR DRUGS ARE AFFECTED BY THIS INCLUDING CANCER, DIABETES, HEART DISEASE AND BLOOD CLOTS MEDICATION, SOME OF WHICH ARE ON YOUR SCREEN.
LOWERING COSTS HAS BEEN AN ISSUE FOR THE BIDEN ADMINISTRATION THAT THEY’VE BEEN WORKING ON AND WHILE THIS IS NOT A CAMPAIGN EVENT, IT’S THE FIRST TIME THE TWO ARE MAKING A JOINT APPEARANCE SINCE HARRIS BECAME THE DEMOCRATIC PRESIDENTIAL NOMINEE. WHAT MORE DO WE KNOW ABOUT THIS PLAN AND HOW WELL THE AVERAGE USER OF THESE MEDICATIONS ACTUALLY FEEL THE DIFFERENCE, HOW WILL THEY BE IMPACTED? >> FIGHTING PRESCRIPTION DRUG PRICES AND LOWERING THEM IS SOMETHING THAT THE BIDEN ADMINISTRATION HAS TALKED ABOUT TIME AND TIME AGAIN, THE PRESIDENT OUT ON THE CAMPAIGN TRAIL WHEN HE WAS PRESIDENT AND NOW CANDIDATE HARRIS TALKING ABOUT THIS.
THIS IS THE FIRST TIME AS YOU MENTIONED, THE TWO ARE GOING TO SHARE THE STAGE SINCE BIDEN BOTH DROPPED OUT OF THE RACE AND HARRIS BECAME THE PRESUMPTIVE DEMOCRATIC NOMINEE. MEDICARE WAS ABLE TO NEGOTIATE PRICES FOR 10 PRESCRIPTION DRUGS, LOWER THE PRICES FOR SENIORS AND SOME OF THE DRUGS LIKE AND TRUST OF FOR INSTANCE COSTING $628, LOWERED TO $295, WITH THIS NEGOTIATED PRICE.
THIS IS GOING TO SAVE TAXPAYERS SOME $6 BILLION IN THE FIRST YEAR. OFFICIALS SAY IT SUPPORT TO POINT OUT THAT THIS DOES NOT RULE OUT — ROLL OUT UNTIL 2026. THERE’S A FEW YEARS ON WHEN THIS WOULD GO INTO EFFECT BUT WHEN THE PEOPLE GO TO GET THESE PRESCRIPTIONS, THEY WILL SAVE $1.5 BILLION OFFICIALS SAY, IN TERMS OF THE SENIORS WHEN THEY GO PICK UP THE PRESCRIPTION DRUGS BECAUSE THE PRICES ARE LOWER AND THIS IS SOMETHING THE BIDEN ADMINISTRATION AND THE HARRIS CAMPAIGN CAN OF COURSE CELEBRATE WITH THESE LOWER PRICES FOR PRESCRIPTION DRUGS.
>> I BELIEVE YOU MENTIONED, $600 A MONTH TO $200 A MONTH, WAS THAT FOR ONE PARTICULAR DRUG IS THAT PER MONTH OR ANNUAL?
>> YES, SO, THESE PRESCRIPTION DRUG PRICES CAN OFTENTIMES WELL THEY HAVE A HIGH COST, THE EXAMPLE I GAVE YOU, THAT’S ESSENTIALLY THE PRICE THAT THESE PEOPLE WILL PAY PERHAPS IN TERMS OF WHAT WE’VE SEEN SOME $628 FOR, AND TRUST OH — INTRESTO. WE KNOW OF COURSE THAT THIS IS CERTAINLY SOMETHING THAT PEOPLE DEAL WITH ON A FIXED INCOME. A LOT OF PEOPLE ARE RETIRED AND THEY DON’T NECESSARILY HAVE LOTS OF MONEY TO PAY FOR THESE PRESCRIPTION DRUGS SO THIS IS SOMETHING THAT THE BIDEN ADMINISTRATION IS HAPPY TO TALK ABOUT IN TERMS OF LOWERING THE PRICES.
>> WE ARE TALKING A $400 A MONTH SAVINGS. THAT COULD BE QUITE A LOT.
WHY WILL PEOPLE NOT FILL THIS IN TILL 2026, AND BECAUSE WE ARE IN AN ELECTION YEAR, LOOK, THIS WILL HAVE IMPLICATIONS ON THE TRAIL, WHAT CAN THOSE BE? >> THAT’S RIGHT, IT CERTAINLY WELL HAVE SOME EFFECTS ON THE CAMPAIGN TRAIL IN FACT, VICE PRESIDENT HARRIS HAS BEEN TALKING ABOUT HER ECONOMIC PLAN ON THE CAMPAIGN TRAIL, SHE TALKED ABOUT THAT IN VEGAS, SHE WILL TALK ABOUT THAT TOMORROW AT AN EVENT AS WELL. BUT THIS IS CERTAINLY SOMETHING THAT SHE CAN USE. SHE CAN SAY THAT SHE WILL BUILD ON THIS IN HER ADMINISTRATION TO CONTINUE TO LOWER THE PRESCRIPTION DRUG PRICES FOR AMERICAN CONSUMERS. THIS IS SOMETHING THAT SHE CAN TALK ABOUT ON THE CAMPAIGN TRAIL BUT I’LL POINT OUT, THERE’S QUITE SOME TIME UNTIL THIS TAKES EFFECT, BUT IT STILL ONE OF THOSE RARE SUCCESSES THAT THE ADMINISTRATION IS POINTING OUT AND OFFICIALS WERE QUICK TO POINT OUT THAT VICE PRESIDENT HARRIS WAS EXTREMELY PIVOTAL IN GETTING THIS LEGISLATION IN THE INFLATION REDUCTION ACT, CASTING THE TIE- BREAKING VOTE IN THE SENATE.
SO REALLY JUST POINTING OUT HOW IMPORTANT HER .
