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Senate parliamentarian OKs most of Dems’ drug price controls
Posted by: Steve G.
Date: August 06, 2022 10:34AM
'parliamentarian’s ruling left Democrats able to promote the drug provisions as a boon to consumers at a time when voters are infuriated by the worst inflation in four decades'


Senate parliamentarian OKs most of Dems’ drug price controls
[apnews.com]

WASHINGTON (AP) — The Senate parliamentarian narrowed Democrats’ plan for curbing drug prices but left it mostly unscathed Saturday, Democrats said, as party leaders prepared to start moving their sprawling economic bill through the chamber.

Elizabeth MacDonough, the chamber’s rules arbiter, said provisions must be removed that would force drugmakers to pay rebates if their prices rise above inflation for products they sell to private insurers. Pharmaceutical companies would have to pay those penalties if their prices for drugs bought by Medicare rise too high.

Other restrictions on rising pharmaceutical costs survived, including letting Medicare negotiate costs for the drugs it buys, capping seniors’ out-of-pocket expenses and providing free vaccines.

“This is a major victory for the American people,” Senate Majority Leader Chuck Schumer, D-N.Y., said in a statement. “While there was one unfortunate ruling in that the inflation rebate is more limited in scope, the overall program remains intact and we are one step closer to finally taking on Big Pharma and lowering Rx drug prices for millions of Americans.”

The parliamentarian’s decision came after a 10-day period that saw Democrats resurrect top components of President Joe Biden’s domestic agenda after they seemingly were dead. In rapid-fire deals with Democrats’ two most unpredictable senators — first conservative Joe Manchin of West Virginia, then Arizona centrist Kyrsten Sinema — Schumer pieced together a wide-ranging package addressing climate change, energy, health care costs and even deficit reduction, all against the backdrop of this fall’s congressional elections.

Dropping penalties on drugmakers for boosting prices on private insurers was a clear setback for Democrats. The decision reduces incentives on pharmaceutical companies to restrain what they charge, increasing costs for patients.

It will also reduce the $288 billion in 10-year savings that the Democrats’ overall drug curbs were estimated to generate — perhaps by tens of billions of dollars, analysts have said.

Even so, the parliamentarian’s ruling left Democrats able to promote the drug provisions as a boon to consumers at a time when voters are infuriated by the worst inflation in four decades.



Edited 1 time(s). Last edit at 08/06/2022 10:35AM by Steve G..
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Re: Senate parliamentarian OKs most of Dems’ drug price controls
Posted by: Rolando
Date: August 06, 2022 11:05AM
Not surprisingly, big pharma is fighting to protect its profits!

[thehill.com]

[rollcall.com]

I saw an ad on Youtube "what medicine will not be developed because of this" as well.



San Antonio, TX (in the old city)


"All that is required for evil to prevail is for good men to do nothing." - Edmund Burke
“Neutrality helps the oppressor, never the victim. Silence encourages the tormentor, never the tormented." - Eli Weisel

"To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public." - Theodore Roosevelt (1918)

"I don’t want to see religious bigotry in any form. It would disturb me if there was a wedding between the religious fundamentalists and the political right. The hard right has no interest in religion except to manipulate it." - Billy Graham 1981

"Politics and governing demand compromise. But these Christians believe they are acting in the name of God, so they can't and won't compromise" - Barry Goldwater
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Re: Senate parliamentarian OKs most of Dems’ drug price controls
Posted by: JoeH
Date: August 06, 2022 12:04PM
Quote
Rolando
I saw an ad on Youtube "what medicine will not be developed because of this" as well.

They trot that out every time controls on drug pricing gets mentioned. They fail to include that drugs get developed just fine in other countries where prices are more stringently controlled than in the US. Also in the neglected to be mentioned category is that US drug companies are spending twice what they spend on R&D on advertising.

An example of "not researched and developed here" is the Pfizer COVID vaccine. They partnered with BioNTech who did the initial R&D in Germany.
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Re: Senate parliamentarian OKs most of Dems’ drug price controls
Posted by: hal
Date: August 06, 2022 01:55PM
Quote
Rolando
I saw an ad on Youtube "what medicine will not be developed because of this" as well.

Good point - we should nationalize healthcare top to bottom.
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Re: Senate parliamentarian OKs most of Dems’ drug price controls
Posted by: Rolando
Date: August 06, 2022 02:53PM
Quote
hal
Quote
Rolando
I saw an ad on Youtube "what medicine will not be developed because of this" as well.

Good point - we should nationalize healthcare top to bottom.

Agree on that one!



San Antonio, TX (in the old city)


"All that is required for evil to prevail is for good men to do nothing." - Edmund Burke
“Neutrality helps the oppressor, never the victim. Silence encourages the tormentor, never the tormented." - Eli Weisel

"To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public." - Theodore Roosevelt (1918)

"I don’t want to see religious bigotry in any form. It would disturb me if there was a wedding between the religious fundamentalists and the political right. The hard right has no interest in religion except to manipulate it." - Billy Graham 1981

"Politics and governing demand compromise. But these Christians believe they are acting in the name of God, so they can't and won't compromise" - Barry Goldwater
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Re: Senate parliamentarian OKs most of Dems’ drug price controls
Posted by: deckeda
Date: August 07, 2022 10:31AM
And now today the GOP stripped out the $35 insulin price cap.

Nevermind insulin remains well UNDER $35 in other countries.

The GOP keeps shooting themselves in the foot. How far until midterms?
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Re: Senate parliamentarian OKs most of Dems’ drug price controls
Posted by: vision63
Date: August 07, 2022 01:16PM
Quote
deckeda
And now today the GOP stripped out the $35 insulin price cap.

Nevermind insulin remains well UNDER $35 in other countries.

The GOP keeps shooting themselves in the foot. How far until midterms?

And you can basically call it Ron Johnson's price cap. Dems are gonna flip his seat (fingers crossed).
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Re: Senate parliamentarian OKs most of Dems’ drug price controls
Posted by: mrbigstuff
Date: August 09, 2022 11:57PM
I've never really understood why some pharmaceuticals like insulin cannot be manufactured by the government. Slap a label on it like food aid that we ship to developing nations. Pick some up with your block of orange cheese.



Edited 1 time(s). Last edit at 08/09/2022 11:58PM by mrbigstuff.
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Re: Senate parliamentarian OKs most of Dems’ drug price controls
Posted by: Speedy
Date: August 10, 2022 04:37AM
Quote
mrbigstuff
I've never really understood why some pharmaceuticals like insulin cannot be manufactured by the government. Slap a label on it like food aid that we ship to developing nations. Pick some up with your block of orange cheese.

Ask your local Repuglican representatives why.



Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.
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