President Joe Biden on Friday rolled out a new set of initiatives to reduce health care costs: a crackdown on what he called “junk” insurance plans that play consumers as ‘suckers,' new guidance to prevent surprise medical bills and an effort to reduce medical debt tied to credit cards. Biden is building on previous initiatives to limit health care costs, with the Department of Health and Human Services releasing new estimates showing 18.7 million older adults and other Medicare beneficiaries will save an estimated $400 per year in prescription drug costs in 2025 because of the president placing a cap on out-of-pocket spending as part of last year's Inflation Reduction Act. Republican lawmakers have criticized Biden's policies by saying they have spurred higher prices that hurt the well-being of families.