“ House Republicans have been quick to cite a report from the nonpartisan Congressional Budget Office released earlier this month that said Pelosi's drug pricing plan would lead to a reduction of eight to 15 new drugs coming to the market over 10 years.
However, the preliminary analysis also showed Pelosi's plan would save Medicare $345 billion over the decade, with the largest savings coming from the provision that would permit the Department of Health and Human Services to negotiate lower prices on the costliest drugs each year.
In the Senate, Finance Committee Chairman Chuck Grassley, R-Iowa, and ranking Democrat Ron Wyden, of Oregon, have introduced their own bipartisan drug price bill that would make changes to Medicare by adding an out-of-pocket maximum for beneficiaries and capping drug price increases at the rate of inflation, among other measures.
That plan, which would not allow Medicare to negotiate prices, was backed by President Donald Trump and has been described by lawmakers as a "middle ground" approach to handling drug prices.”
http://www.cnbc.com/2019/10/22/pelosis-drug-pricing-bill-passes-through-committees-to-house-floor-for-vote.html
I just don’t get it. Will they ever do anything right?
Medicare being able to negotiate drug prices is a no brainer, and out of pocket maximum limits is too. Why can’t they work together?
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