Biden lauds drop in Medicare monthly premiums

What he's saying: Pointing to limited drug price negotiations authorized by the IRA, Biden said, "For years many of us have been trying to fix this problem, but for years, Big Pharma has stood in the way."

• "This year, the American people won ... Medicare will finally get the power to negotiate lower prescription drugs."
• "Under Donald Trump, my Republican friends had no problem enacting a $2 trillion tax cut that overwhelmingly benefited the wealthiest Americans, the biggest corporations ... and massively increased the federal debt."
• "I wish I could say Republicans supported this progress and reducing health care costs and strengthening Medicare ... But they have a very different idea," he said.

Worth noting: Senate Republicans blocked the $35 cap on out-of-pocket spending on insulin for patients enrolled in private insurance.