Biden Rolls Out Plan for Older Americans

Former Vice President Joe Biden unveiled a campaign plan for older Americans on Monday, addressing such issues as prescription drugs, Medicare, and Social Security, reports The Hill . Under Biden's plan, the federal government would focus on "protecting and strengthening Social Security" to ensure that older adults can enjoy a comfortable retirement. Biden would bolster Social Security through a tax on high-wage workers. His plan includes increasing benefits for those who have been receiving Social Security payments for at least 20 years, mandates that drug manufacturers work together with Medicare, and requires a limit on launch prices for drugs to ensure that they remain affordable for older Americans. The limit would be set by an independent review board after careful study of the cost of similar drugs abroad.