19 June 2019 - Senate Finance Committee Chairman Chuck Grassley on Wednesday announced his opposition to one of President Trump’s signature proposals aimed at lowering drug prices.

Grassley told reporters that he opposes a plan that Trump announced in October to lower the prices Medicare pays for certain drugs by tying them to lower prices paid in other countries, an idea known as the International Pricing Index.

The move from Trump was a sharp break from traditional GOP free-market ideology on drug pricing, closer to what Democrats usually propose.

Grassley had long held his fire, saying he was waiting for the administration to formally propose a regulation. But on Wednesday, Grassley said he was not going to wait any longer.

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