Major legislation to reduce prescription drug costs for millions of people may get sidelined now that House Democrats have begun an impeachment inquiry of Pres. Trump.
Major legislation to reduce prescription drug costs for millions of people may get sidelined now that House Democrats have begun an impeachment inquiry of President Donald Trump. Proposals had been moving in Congress, but there are more ways for the process to break down than to succeed. Still, nobody says they're giving up.Q: Why, now, is there a big push to lower drug prices?
Now, facing the 2020 election, Trump and lawmakers of both parties in Congress have little to show for all their rhetoric about high drug prices. For there to be a deal , enough Democrats and Republicans have to decide they're better off delivering results instead of election-year talking points.A: On the political left is House Speaker Nancy Pelosi's plan authorizing Medicare to negotiate prices for the costliest drugs. In the middle is bipartisan legislation from Sens.
"If they wanted to do a deal, it's sitting right there in front of them," said John Rother, president of the National Coalition on Health Care, an umbrella group representing a cross-section of organizations.A: Under Pelosi's bill, private purchasers such as health insurers and employer-sponsored plans would be able to get the same price that Medicare negotiates. Medicare would focus on the costliest medications for individual patients and the health care system as whole.
The biggest concern is over cutting-edge brand-name drugs that can effectively manage life-changing diseases, or even cure them. Drugs with a $100,000 cost are not unusual any more. In other countries, governments take a leading role in setting prices. However, a major case study — the 2015 Senate investigation of costly breakthrough drugs for hepatitis C infection — found that drugmaker Gilead Sciences priced the medication to maximize profits, not to foster access.A: Impeachment could suck the air out of the room.
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