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Biden Administration Announces Measures to Lower Healthcare Costs
On Friday, July 7, President Joe Biden announced several measures the Biden-Harris Administration is taking to lower healthcare costs for the most vulnerable people in the United States and to further protect consumers from junk fees. These actions include: ·       Cracking down on junk insurance by closing loopholes that allow companies to offer misleading insurance products.·       Releasing important guidance on rules against surprise medical billing.·       New steps to protect consumers from unfair medical debt.·       A new Health and Human Services report that shows nearly 19 million seniors and other Part D beneficiaries are projected to save $400 per year on prescription drugs. At the event, held in the East Room of the White House, President Biden decried the emotional and financial burden caused by exorbitant health care costs, especially when those costs come from hidden fees and what he called “junk” insurance policies. He reiterated his commitment to continue to fight for people who are “trying to do the right thing, only to get ripped off.” These actions to lower healthcare costs follow last week’s efforts to lower healthcare and prescription drug costs, including guidance from the Centers for Medicare and Medicaid Services that detailed how they will negotiate lower drug prices for seniors later this year.
Rev. Dr. Leslie Copeland-Tune, Chief Operating Officer, represented NCC at the event, which included other faith leaders, healthcare and consumer advocates, and others concerned about lowering healthcare costs for the most vulnerable.