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HHS Secretary Alex Azar. Photo: Chris Kleponis / Getty Images

The White House is out with a long list of proposals to help bring down the cost of prescription drugs, through a combination of direct federal intervention and steps to promote greater competition. At least some of those ideas will be part of the administration's annual budget proposal, according to Bloomberg.

Between the lines: Lowering drug prices is popular, and it's an issue President Trump has spoken about a lot. And the outline the White House released today is much more detailed than many of its other policy proposals. Still, the White House budget is mostly a messaging document — most real policy action has to come from Congress.

The details: Here's what will be in the budget proposal Monday, per Bloomberg:

  • Ensuring Medicare enrollees benefit directly from discounts negotiated by drugmakers and middlemen.
  • Capping out-of -pocket prescription drug costs.
  • Potentially making generic drugs free for low-income Medicare enrollees.
  • Moving drugs administered in a doctor's office from Medicare Part B to Part D, which would set up negotiations with insurers over the price of these drugs.
  • Reduce Part B payments from 6% above the average sales price to 3%.
  • Redistribute the savings from a program that gives drug discounts to hospitals that treat a high number of low-income people.
  • Begin a Medicaid pilot program that would allow state programs to exclude some drugs from their list of covered treatments, a way to get bigger discounts.

Key quote: The administration plans to address drug prices “with the same zeal and vigor that you saw on taxes," Mick Mulvaney, director of the Office of Management and Budget, told Bloomberg. “This is a top, top priority for the president."

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Kendall Baker, author of Sports
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Illustration: Aïda Amer/Axios

10 months ago, the Tokyo Olympics were postponed. Now, less than six months ahead of their new start date, the dreaded word is being murmured: "canceled."

Driving the news: The Japanese government has privately concluded that the Games will have to be called off, The Times reports (subscription), citing an unnamed senior government source.

Biden's centrist words, liberal actions

Illustration: Sarah Grillo/Axios

President Biden talks like a soothing centrist. He promises to govern like a soothing centrist. But early moves show that he is keeping his promise to advance a liberal agenda.

Why it matters: Never before has a president done more by executive fiat in such a short period of time than Biden. And those specific actions, coupled with a push for a more progressive slate of regulators and advisers, look more like the Biden of the Democratic primary than the unity-and-restraint Biden of the general election.

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Photo Illustration: Aïda Amer/Axios. Photo: Saul Loeb/AFP via Getty Images

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What they're saying: "I very much hope and can expect … that they will uphold our decision," Facebook's VP of global affairs Nick Clegg tells Axios.