President Biden will employ Cold War-era mechanism to increase investment in U.S. medicine and medical supply production for national security. This is part of Biden’s plan to fight rising inflation and enhance industrial supply chains,
The White House said President Joe Biden will employ a Cold War-era mechanism to enhance investment in U.S. medicine and medical supply production for national defense.
The Biden administration is presenting numerous steps on Monday to help industry supply chains and combat several years of historically high inflation.
For “essential medicines,” Biden would authorize the Department of Health and Human Services to deploy Cold War-era Defense Production Act authorities, the White House stated.
Investments include “medical countermeasures,” which diagnose, prevent, and treat chemical, biological, radiological, and nuclear ailments.
In his 2024 re-election campaign, Democrat Biden wants to demonstrate Americans that he is addressing inflation and economic worries. He inaugurates a new White House Council on Supply Chain Resilience on Monday.
On a conference call, Biden’s National Economic Council chairman Lael Brainard told reporters that supply chain stress had dropped from COVID-19 pandemic highs but that additional work was needed.
Conclusion
President Joe Biden plans to employ a Cold War-era mechanism to promote investment in U.S. medicine and medical supply production, which he considers vital to national defense. The Biden administration wants to improve industrial supply chains and cut inflation. The Defense Production Act will authorize the Department of Health and Human Services to buy “essential medicines” and “medical countermeasures,” including chemical, biological, radiological, and nuclear illness diagnostics, prevention, and treatment.. Biden wants to show his dedication to fighting inflation and economic issues. The White House Council on Supply Chain Resilience is convening for the first time.
