Senate MP kills key part of Democrats’ prescription drug

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The Senate MP on Saturday killed a key aspect of Democrats’ proposed plan to allow Medicare to negotiate prescription drug prices.

Senate Majority Leader Chuck Schumer announced Saturday morning that MP Elizabeth MacDonough released her guidance saying that the inflation discounting aspect of Democrats’ legislation called the Inflation Reduction Act should have a narrower scope.

“While there was an unfortunate ruling that the inflation discount is more limited, the overall program remains intact and we are one step closer to finally engaging Big Pharma and lowering Rx drug prices for millions of Americans.” he said.

Mr. Schumer and Senator Joe Manchin of West Virginia announced their agreement on the legislation last Wednesday, with a key piece of legislation allowing Medicare to negotiate drug prices.

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In addition, legislation would have required drug companies to reimburse Medicare the difference between inflation and drug price increases if prices exceed inflation.

Despite the MP’s guidance, Ron Wyden, chairman of the Senate Finance Committee, said much of the legislation has been preserved.

“We have been able to keep the most important reforms, especially the negotiations, which will bring in a trillion dollars over the years,” he said. TNZT.

But Senator Elizabeth Warren said she was disappointed by Ms. McDonough’s guidance.

“The MP has taken a bite out of this bill and it’s painful,” the Massachusetts Democrat said TNZT. “But elections are coming up in November and if we can get two more Democrats in the United States Senate and keep the House, we can get rid of the filibuster and then the MP can’t make these calls.”

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Democrats, who have only 50 senators, hope to pass their legislation through a process called fiscal reconciliation, which allows them to pass legislation by a simple majority and bypass a Republican filibuster. But this requires a united front from all senators, with Vice President Kamala Harris as the tie-breaker.

To do this, the Senate MP must submit the bill to a “Byrd Bath”, in which she determines whether the legislation is relevant to the budget or whether it is considered an “extraordinary matter”. The Senate MP’s guidance is non-binding, but it requires the Vice President to vote for the MP, which is unlikely to happen.

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Senate Majority Leader Chuck Schumer said he kept the Senate out of session Friday to give Ms. McDonough a chance to overhaul the legislation, but the Senate would vote on the motion to proceed, which would begin the debate. , on Saturday.

Democrats are currently waiting for Ms. McDonough to advise on Senator Raphael Warnock’s legislation in the bill that would limit the price of insulin for people with diabetes to $35. Mr. Warnock faces a tough re-election in Georgia in November.

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