President Signs Executive Order to Lower Drug Costs

The order complements actions taken under the Inflation Reduction Act. 

On Friday, President Biden signed an executive order directing the Department of Health and Human Services to consider further actions to reduce prescription drug costs. His order complements provisions in the Inflation Reduction Act which allow the federal government to negotiate some prescription drug prices. 

Under the order, the Department of Health and Human Services has 90 days to submit a report on how it will use new models of healthcare payment and delivery to lower drug costs “and promote access to innovative drug therapies for beneficiaries enrolled in the Medicare and Medicaid programs.” 

The president’s order marks the start of Medicare’s open enrollment season. 

As the Lord Leads, Pray with Us…

  • For the president and his administration as they seek to reduce the cost of prescriptions.
  • For Secretary Becerra to be led by the Lord as he heads the Health and Human Services Department.
  • That Administrator Brooks-LaSure seeks God’s guidance as she oversees the Centers for Medicare and Medicaid Services.

Sources: The White House, Axios


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