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House Dems Pass Bill to Give Government More Control Over Drug Prices


Added 12-12-19 03:04:02pm EST - “The House passed a wide-ranging bill to lower prescription drug prices as part of an effort by Democrats to prove they can advance a legislative agenda.” - Nationalreview.com

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Posted By TheNewsCommenter: From Nationalreview.com: “House Dems Pass Bill to Give Government More Control Over Drug Prices | National Review”. Below is an excerpt from the article.

The House on Thursday passed a wide-ranging bill to lower prescription drug prices as part of an effort by Democrats to prove they can advance a legislative agenda while pursuing the ongoing impeachment inquiry against President Trump.

The Lower Drug Costs Now Act, pushed by House Speaker Nancy Pelosi, passed in a 230 to 192 with the support of all Democrats and just two Republicans. The bill is not expected to make it past the Senate’s Republican majority. Trump has also promised to veto the measure.

The measure would allow the Department of Health and Human Services to negotiate lower prices for up to 250 brand-name prescription drugs for Medicare patients and make those lower prices available to Americans with private insurance as well. The bill would also limit out-of-pocket costs of prescription drugs to $2,000 for people on Medicare and expand Medicare to cover vision, dental, and hearing aids.

The non-partisan Congressional Budget Office estimates the bil would save Medicare $456 billion over ten years but would also keep eight new drugs from coming to market.

The passage of the bill marks a victory for Democrats, who delivered on one of their top campaign priorities to get the price of prescription drugs down for Medicare patients.

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