- Senate Democrats have reached an agreement to lower prescription drug prices. The deal hits on Democrats’ three main pillars of drug price reform: It would allow Medicare to negotiate the prices of some drugs; it would put a cap on how much drugmakers can hike prices in both Medicare and the commercial market; and it would significantly reduce seniors’ out-of-pocket costs. However, negotiations only allowed for a narrow subset of drugs, which will ultimately reduce the amount of government savings the bill achieves. (Articles here, here, here, here, here, here, here, here, here, and here)
November 3, 2021
D.C. News