Democrats are sharply divided over whether to require drugmakers to negotiate prices with the federal government, a rift threatening key parts of President Biden’s $3.5-trillion social safety net bill — including the possible expansion of Medicare and Obamacare — and one that could put the entire effort at risk.
Democrats hope to enact their overall plan in the coming weeks, but the policy differences and the slim margins in both chambers suggest that consensus could take months to reach. Biden was due to meet Wednesday with two moderate Senate Democrats who oppose the $3.5-trillion price tag, Sens. Joe Manchin III of West Virginia and Kyrsten Sinema of Arizona.
Peters, as well as Reps. Kurt Schrader and Kathleen Rice , the three Democrats who oppose the prescription drug plan, have drawn the ire of fellow Democrats, progressives and advocacy groups, who for years have been fighting to lower drug prices. Pallone had lobbied the trio to stay on board to advance the bill out of committee. While Democrats have other means of advancing the provision through another committee, they will need those votes on the House floor.
In the Senate, Democrats are similarly divided over prescription drug policy, but generally are closer to Peters’ proposal than the existing House plan.“There are differences of opinion,” Senate Finance Committee Chairman Ron Wyden said, adding that “a number” of senators say they can’t support the House bill.
Even Democrats know this is a bad idea.
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