The President of the United States, Joe Biden, and Sen. Bernie Sanders, the Senate Chairman of the Health, Education, Labor, and Pensions Committee, have long been vocal about the exorbitant prices the pharmaceutical industry charges for prescription drugs in the U.S. Americans pay the highest prices globally for essential medications, with 1 in 4 unable to afford the prescriptions their doctors recommend, the USA Today highlighted. The argument that high domestic prices subsidize fair prices abroad is unacceptable, Biden said. Also Read: Medicare Patients Alert! Biden Administration Finalizes Rule to Streamline Health Insurance Prior Authorization. Significant strides have been made recently to address these issues. The Inflation Reduction Act passed without a single Republican vote, has capped insulin costs at $35 per month for seniors with diabetes. Starting in January, no senior will pay more than $2,000 annually for prescription drugs, the report added. Additionally, Medicare will ...