Posted by Michael Wonder on 08 Oct 2022
Senate Republican bill would repeal Democratic drug pricing law
7 October 2022 - Senate Republicans on Friday introduced a bill that would roll back the drug pricing reforms included in the sweeping Inflation Reduction Act, including the measures allowing Medicare to negotiate drug prices and capping annual drug expenses for many seniors.
Republican Senators James Lankford (Okla.), Mike Lee (Utah), Cynthia Lummis (Wyo.) and Marco Rubio (Fla.) introduced the “Protecting Drug Innovation Act” on Friday, saying they wanted to pull back Government authority over the prices of medicines covered by Medicare.
