The Biden administration has announced patients will pay lower prices on 10 high-cost and common prescription drugs, including blood thinners and arthritis medication, the result of the first round of Medicare negotiations. The new costs range from 38% to 79% lower than the current list price but won’t go into effect until 2026. Medicare would have saved $6 billion if the new prices had already been in effect last year. On Thursday, President Biden and Vice President Kamala Harris touted the landmark deal as they appeared on stage in Maryland for their first joint event since Biden withdrew from the presidential race.

President Joe Biden: “You may have heard about the MAGA Republican Project 2025 plan. They want to repeal Medicare’s power to negotiate drug prices, let Big Pharma back to charge whatever they want. Let me tell you what our Project 2025 is: beat the hell out of them.”

Meanwhile, Kamala Harris is expected to announce a plan to ban corporate price gouging on groceries, and addressing the housing crisis, as part of an economic policy speech later today.