Vice President Harris is proposing to use cuts in the pharmaceutical industry’s profits in Medicare to fund new home care, vision, and hearing benefits for people over 65. She also wants to expand Medicare’s drug price negotiation to include more drugs with less time on the market. The drug industry initially feared this negotiation would lead to Medicare funding other policies. If Harris’s proposal is successful, it could become a reality. President Biden has also supported this initiative. The plan aims to improve Medicare and provide new benefits for seniors, potentially reshaping the healthcare landscape for older Americans.
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How Harris plans to pay for Medicare coverage of home care
