Biden administration to lower costs for 64 drugs through inflation penalties on drugmakers
![](https://empirestocktrader.com/wp-content/uploads/2024/06/240626-pharmacy-prescription-drugs-se-1007a-192baf-800x533-RsTpCv.jpeg)
The Biden administration on Wednesday said it will impose inflation penalties on 64 prescription drugs for the third quarter of this year, lowering costs for certain older Americans enrolled in Medicare. President Joe Biden has made…