Tuesday, 2 November 2021

‘A massive step forward’: Democrats clinch drug pricing deal

Technology Manias - EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

Senate Democrats on Tuesday announced an agreement on drug pricing reform, coming out in favor of allowing Medicare Part D to negotiate directly with pharmaceutical companies for the first time since its creation, a move the drug industry has fought hard against for nearly two decades. While the latest proposal is far weaker than the version passed twice by the House, even staunch progressives in both chambers are preparing to accept that it’s likely the best they’re able to get in the narrowly divided Congress. “We’ve heard from people across…

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