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Biden, Harris announce 'historic' deal to cut US drug prices

AFP WORLD
Published August 15,2024
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US President Joe Biden and Vice President Kamala Harris announced a "historic" deal Thursday to lower the prices of 10 key medicines for older people, in a boost for election candidate Harris's economic messaging.

The agreement with drugmakers will save seniors in the United States $1.5 billion and the Medicare federal health insurance scheme $6 billion in the first year, Biden and Harris said in statements released by the White House.