Biden's Budget: Lowering Drug Costs, Impact on Taxes, National Security, and Social Security Plans.

President Joe Biden has vowed to protect Medicare and Social Security while focusing "intensely" on lowering healthcare costs, including drug prices. He criticized "MAGA" Republicans who he said are intent on dialing back Medicare coverage for millions of Americans. The White House showcased legislation passed last year that is expected to save taxpayers billions of dollars and lower the cost of drugs for the roughly 84 million Americans who rely on Medicare. Biden talked up how his administration is rolling out several parts of that law, passed in a Democratic-controlled Congress last year, that cap the price of insulin, make most vaccines free, and allow the federal government to negotiate deals on a handful of pharmaceutical drugs for Medicare enrollees.