President Biden touts drug pricing achievements as he steps down from re-election campaign

At his vacation home in Delaware, President Joe Biden made the striking announcement that he is dropping out of the 2024 presidential race, shaking up the Democratic ticket after weeks of pressure.

As Biden wraps up his 50-year plus political career, the Pennsylvania native leaves behind a legacy that includes major legislation in the healthcare field. High drug prices have long been a top target for Democrats, but Biden can claim a significant achievement by enabling the first Medicare price negotiations under the 2022 Inflation Reduction Act.