Posted by Michael Wonder on 18 Dec 2016
Obama administration scraps controversial drug pricing proposal
15 December 2016 - The Obama administration announced Thursday night that it is calling off a controversial initiative to fight high drug prices.
The administration is essentially admitting defeat in the battle over its proposed changes to how Medicare pays for drugs. The proposal had faced intense opposition from the powerful pharmaceutical lobby, but also from other areas, like doctors groups.
The proposal also faced resistance among many Democrats on Capitol Hill.
