released by the Senate Budget Committee, the legislation now under consideration “would result in a net decrease in the unified deficit totaling $287.6 billion over the 2022-2031 period. That decrease in the deficit would result from a decrease in direct spending of $249.2 billion and an increase in revenues of $38.4 billion.
“This CBO score shows allowing Medicare prescription drug negotiation will yield billions in smart savings for Americans annually and will deliver much needed relief for millions of seniors,” said Schumer in a statement. The Democrats’ proposal would allow Medicare to negotiate discounts for some of the costliest drugs on the market and would impose punishment on pharmaceutical companies that increase prices faster than inflation. The legislation would also cap annual out-of-pocket costs at $2,000 for Medicare beneficiaries. While only a specific set of drugs would initially be allowed under the plan, starting with 10 of the most expensive in 2026, that number would increase to 20 drugs by the end of the decade.
Elizabe86737639 Go for it Dems! Get the drug prices lowered.
There should be no prices at all! Medical science should not exist for profit, but for the health of humanity. The Democrats will never do anything about this. They are just another party of the ruling elites. Reformism is futile.
Natiinalize them.