would save Medicare $345 billion over 10 years, according to a preliminary analysis from the nonpartisan Congressional Budget Office.
The CBO said the largest savings from would come from the provision that allows Medicare to negotiate lower prices on as many as 250 of the most expensive drugs per year and apply those discounts to private health plans across the U.S. The legislation includes a penalty on pharmaceuticals companies that refuse to negotiate or fail to reach an agreement with the U.S. government, starting at 65% of the gross sales of the drug in question.
"A manufacturer that was dissatisfied with a negotiation could pull a drug out of the U.S. market entirely, though CBO expects that would be unlikely for drugs already being sold in the United States," CBO Director Phillip Swagel said in the report. Pelosi and other House Democratic leaders had been working on the plan for months. The legislation is expected to move through House committees to a vote on the floor as soon as the end of this month.for a Senate drug pricing bill backed by Trump"The legislation I authored with Ranking Member Wyden strikes that balance and would achieve real progress for Americans," Grassley said.
OurTrumpMoment When was the last time they were actually accurate?
NP is lies
Republicans and big pharma will have no part of this.
CNBC is horrible I mean really horrible.
Let's stop as ll thy his nonsense!
I give Nancy a lot of credit, but do people (including myself) really need 3 or 4 pills a day? My husband’s uncle wouldn’t even take an aspirin & lived until 90. Also, occasionally when I’m at dr., there’s a young woman or man with a satchel of pills to sell. Who to blame?
What would early deaths from unlimited free drugs save Medicare
oh so now you need him to do something as a president. sign something for you around medicare..now he can be the president again.. so hypocritical
It may also bring an end to research and development.
I need to look at the numbers directly. I won’t be fooled.
Socialized medicine never saves money.
What another 345MMM not going to pharma? They will have none of that Nancy. Your messing with their sugar daddy.
Like obama's 'plan' saved billions?
CBO has always done a horrible job with their estimates. GIGO.
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