Biden: Taxes on rich can help save Medicare

Meanwhile in Washington, President Biden penned an op ed on Medicare in the New York Times today just ahead of Thursday's budget release. Biden wrote that he would strengthen Medicare's newly established power to negotiate drug prices. His plan would allow Medicare to negotiate prices for more drugs and start price negotiations on specific drugs sooner after they launch. He says this would reduce the deficit by $200 billion. Meanwhile in Washington, President Biden penned an op ed on Medicare in the New York Times today just ahead of Thursday's budget release. Biden wrote that he would strengthen Medicare's newly established power to negotiate drug prices. His plan would allow Medicare to negotiate prices for more drugs and start price negotiations on specific drugs sooner after they launch.

He says this would reduce the deficit by $200 billion.