Democrats outline plan to bypass GOP filibuster to regulate drug prices and expand Medicare benefits washingtonexaminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonexaminer.com Daily Mail and Mail on Sunday newspapers.
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President Joe Biden called on Congress to pass controversial legislation allowing Medicare to negotiate the prices of prescription drugs to offset the costs of improving Obamacare.
“Let s give Medicare the power to save hundreds of billions of dollars by negotiating lower prescription prices,” Biden said Wednesday. “And the money you save … billions of dollars can go to strengthen [Obamacare].”
House Democrats first passed the Elijah Cummings Lower Drug Costs Now legislation, or H.R. 3, in December 2019, but it
stalled before getting a vote in the majority-GOP Senate. The sweeping drug pricing reform package would allow the secretary of the Department of Health and Human Services to negotiate prescription drug prices for Medicare. The bill would also require a drug’s price to be set at or below 120% of the average price across six high-income countries Australia, Japan, Canada, the United Kingdom, France, and Germany.
Speaker Pelosi. What do you got?
Q: Madam Speaker, if we could get an update on the 1/6 Commission, we know that you ve said that you want an equal number of Republicans and Democrats and equal subpoena power, but your Republican counterparts have said that they have not received your proposal yet. Have you extended that offer to them? And what are the parts of the proposal you hope to change? And just in general, what is the state of the negotiations?
Speaker Pelosi. Well, there are three things in terms of the legislation: the makeup of the commission, the process within the commission and the scope of the commission. Two objections that the Republicans had was that they wanted to have it even instead of the President having an appointment – just have the House, the Democrats and Republicans – and we yielded on that. I think the President should have it, but, nonetheless, the scope is what is important. If that s where their discomfort is, I yield on
Inclusion Of H R 3 Drug Price Control Measures In Infrastructure Bill May Negatively Impact Drug Industry forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.