Biden says Medicare should negotiate prices for at least 50 drugs each year, up from a target of 20

Key Points

• President Joe Biden said the federal Medicare program should negotiate prices for at least 50 prescription drugs each year, up from the current target of 20 medicines.
• That proposal is one of several new health-care policy plans Biden will outline during his State of the Union address Thursday.
• But the fate of his new proposals will be in the hands of a divided Congress, making it highly uncertain whether they will pass into law.