President Joe Biden on Tuesday touted a decline in costs for tens of millions of Americans covered by the Medicare health program as the country continues to battle with soaring inflation, stating that the “American people won, and Big Pharma lost.”
Monthly premiums for Medicare Part B will drop by $5.20 for an annual savings of about $62.
“It’s going to be a godsend to many families,” Biden said in remarks at a White House Rose Garden event. “It’s going to take a little while for some of this to kick in, but it’s locked in.”
The decline in costs is largely due to a decision to severely limit coverage of a controversial and pricey new Alzheimer’s drug marketed as Aduhelm….