March 9, 2023
D.C. News | Tea Leaves
  • President Biden will release his FY2024 budget today and is expected to pressure Republicans to cap the cost of insulin at $35 a month for all Americans, according to administration officials. In Biden’s Inflation Reduction Act, lawmakers agreed to cap insulin at $35 for Medicare recipients, but a proposal to limit it for all Americans was defeated by Senate Republicans. In using his 2024 budget to pressure Republicans to limit costs for everybody, Biden is echoing his call at last month’s State of the Union for Congress to “finish the job.” A recent Axios-Ipsos poll found that 84 percent of Americans strongly or somewhat support placing a $35-per-month limit on the out-of-pocket costs for insulin. (Article here)