Posted by Michael Wonder on 05 Aug 2019
2020 election creates ‘perfect storm’ for drug price reform by year-end
5 August 2019 - Congress is likely to pass a drug price reform package by year-end as both Trump and Democrats seek a policy “win” heading into the 2020 election.
“Dynamics into election look to be [a] perfect storm,” RBC analyst Brian Abrahams said in a note sent to investors Monday. “While GOP leaders do not see drug pricing reform as a top priority, both [House Speaker Nancy] Pelosi and Trump are very committed to having policy change. ”
Health care consistently ranks as a top issue for voters. Democratic presidential candidates, such as Sen. Bernie Sanders, are pushing for “Medicare for All,” a plan to replace private health insurance with public coverage. Pelosi and Trump are working on plans that would make tweaks to Medicare, the federal government’s health insurance plan for the elderly.
