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Democrats see progress in adding drug cost cuts to budget bill

Democrats have made significant progress towards adding compromise provisions limiting prescription drug prices to their huge social and environmental package, two congressional advisers said Sunday.

Talks continued and no final agreement had been reached. But the move has raised hopes that the party’s 10-year $ 1.75 trillion measure would fulfill the Democratic campaign’s long-standing promise to cut pharmaceutical costs, albeit more modestly than some believe. wished.

With talks on this and others underway, Democrats hoped to resolve final differences and bring the overall measure to the prosecution this week, a House executive assistant said.

The package, covering President Joe Biden’s top national priorities, has been a battleground between progressive and moderate Democrats for months, and it was not clear whether this timeline could be met.

There is currently talk of letting Medicare negotiate lower prices for many of the pharmaceuticals it supplies, according to a senior Democratic official. Excludes drugs for which the Food and Drug Administration has granted initial competitive protection, periods which vary but last for several years.

Pharmaceutical manufacturers should pay a rebate if their prices exceed certain markers. And there would be a cap on drug costs for seniors under Medicare Part D, the program’s outpatient prescription drug delivery, said the senior assistant, who did not provide a figure.

The assistants also did not say how much savings the negotiating language of drug prices under discussion would achieve. Recent Democratic proposals that would affect a wider range of drugs have saved several hundred billion dollars over 10 years.

Party leaders and Chairman of the House Energy and Trade Committee Frank Pallone, DN.J., were involved in the talks, along with Moderate Rep. Scott Peters, D-Calif., And Senator Kyrsten Sinema D-Ariz., The main assistant mentioned.

The two aides discussed the talks only on condition of anonymity, as they were not authorized to provide the information on the file.

Progressives have also tried to add provisions, including demanding paid family leave and helping millions of immigrants stay in the United States.

The package would provide large numbers of Americans with help paying for health care, upbringing, child rearing, and home care for the elderly. It would also offer tax breaks encouraging cleaner energy and electrified vehicles.

Much of its costs would be covered by higher taxes on people earning more than $ 10 million a year and large corporations.

The Independent Gt

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