Republicans are opposing legislation that would lower drug costs for millions.
For months now, President Biden’s ambitious economic and social justice reforms have been whittled down and whittled down again. Each time a major policy package is put together, with hopes that it can pass with only 51 Senate votes via the budget reconciliation process, it ultimately runs afoul of Senators Joe Manchin and Kyrsten Sinema.
Last week, desperate for concrete policy achievements to lay before voters before the midterm elections, the, centered around lowering pharmaceutical drug prices for Medicare consumers, that the two recalcitrant senators appear more willing to sign off on.
These provisions will, according to the nonpartisan Congressional Budget Office, save the Medicare system nearly $300 billion over the first 10 years of its existence — which is why Manchin has signed onto it as a deficit reduction and inflation-curtailing exercise. The package of reforms will likely include an annual out-of-pocket pharmacy expenses cap of $2,000 for Medicare enrollees, a provision that is both
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