Drugmakers Try To Scare Seniors In Last-Ditch Effort To Stop Democrats' Economic Plan
A series of ads from industry-backed groups falsely suggests cuts to Medicare are on the way.
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A series of ads from industry-backed groups falsely suggests cuts to Medicare are on the way.
Foreign governments have expressed interest in the latest legislative surprise.
The Democrats’ drug pricing portion of the reconciliation package is estimated to save the federal government nearly $288 billion over 10 years.
Sen. Joe Manchin is facing pressure in West Virginia to kill the party-line spending deal Democrats have been working on since taking control of Congress.
The Democrats’ plan would impose price controls via a so-called negotiation in which the government would dictate the prices Medicare pays for drugs to manufacturers, who would face a tax of 95% of their total sales if they said no.