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AP

Biden decries high prescription costs: 'shame on us'

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President Joe Biden says his social agenda legislation will deliver tangible savings on prescription drugs for all Americans. Biden said one in four Americans who take prescription drugs struggle to afford them. Speaking Monday at the White House, Biden cited the story of a young woman, Shelby Skipper, who was diagnosed with type one diabetes at the age of eight. Rising costs forced her to split insulin doses with her sister Sa'Ra, who was also diagnosed with diabetes at an early age. Biden said Shelby was later hospitalized in a coma because she couldn't afford proper doses of her insulin. "Shame on us as a nation," he said "if we can't do better than this." Biden's legislation would limit copays for insulin to $35 a month. It would also cap what Medicare recipients pay out-of-pocket for prescription drugs at $2,000 annually, and require drugmakers to pay rebates to Medicare if they raise prices faster than inflation. It would empower Medicare to negotiate drug costs, making the first lower-priced drugs available in 2025.

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