The cost of medicine is a rare bipartisan goal — but impeachment got in the way
: "It’s great to see Speaker Pelosi’s bill today. Let’s get it done in a bipartisan way!" But in early October, as Democrats’ impeachment push heated up, he bailed on the plan, which the White House now says would “harm seniors.” The administration has even said it would veto the bill in the unlikely event it ever passed the Senate.
The legislation also tries to restrain companies’ abilities to launch new drugs at astronomical prices by allowing the government to negotiate the cost of any medicines that come to market at list prices higher than the U.S. median household income. The plan would also cap seniors' annual out-of-pocket spending for outpatient prescription drugs at $2,000.
For months, the White House and Pelosi’s office indicated they were in active discussions on her bill. In October, the White House changed its tune and launched a full-scale attack. Moderate Democrats pushed for a bill that could become law and wasn’t just a messaging document. Progressives argued that since no Pelosi bill would get the time of day from McConnell, the party should go bold.
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Former Trump Aide Rick Gates Flipped Against Trump—Now He May Avoid Prison TimeI’m a San Francisco-based reporter covering breaking news at Forbes. Previously, I’ve reported for USA Today, Business Insider, The San Francisco Business Times and San Jose Inside. I studied journalism at Syracuse University’s S.I. Newhouse School of Public Communications and was an editor at The Daily Orange, the university’s independent student newspaper. Follow me on Twitter rachsandl or shoot me an email rsandlerforbes.com.
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