Medicare Drug Benefits
President Biden claims that “American families won” and “Big Pharma” lost because he “capped the amount seniors will pay for prescription drugs for cancer and other diseases at $2,000 per year.”
IN FACT, this $2,000 Medicare cap is for “out-of-pocket drug” spending, which means that taxpayers pick up the tab for all drug spending above $2,000 per year. This benefits big pharma and harms American families who pay for this giveaway.
