search
Sections List
American Journal News

GOP senators introduce bill to stop Medicare from negotiating lower drug prices

More than 63 million Americans who are enrolled in Medicare benefit from the agency’s new ability to cap the costs of prescription medicines.

By Oliver Willis - October 07, 2022
Share
James Lankford

A group of Republican senators on Thursday introduced legislation that, if enacted, would prevent the government from negotiating with pharmaceutical companies to obtain lower prescription drug prices for Medicare recipients.

The Protecting Drug Innovation Act, sponsored by Sens. James Lankford of Oklahoma, Marco Rubio of Florida, Mike Lee of Utah, and Cynthia Lummis of Wyoming, would repeal a provision of the recently passed Inflation Reduction Act, signed into law by President Joe Biden on Aug. 16, that gives the Centers for Medicare and Medicaid Services the power to negotiate.

A press release from Lankford’s office states, “The bill would roll back the federal government’s authority to set and control drug prices covered by Medicare.” It quotes Lee as saying: “Price controls never work. Instead, they exacerbate the problems they seek to resolve. Mandating fixed prescription drug prices will ultimately result in the shortening of American lives.”

All three senators are up for reelection in the November 2022 midterms. Rubio is being challenged by Democratic Florida Rep. Val Demings, Lee by independent candidate Evan McMullin, and Lankford by Democratic candidate Madison Horn.

According to the Centers for Medicare and Medicaid Services, as of 2021 more than 63 million Americans are currently enrolled in the Medicare program.

The Inflation Reduction Act faced unified opposition from Republicans in both houses of Congress and passed with only votes from Democrats. Vice President Kamala Harris cast the tiebreaking vote for the bill in the Senate.

The law contains several provisions designed to lower the cost of prescription drugs for Medicare recipients.

It authorizes the federal government to negotiate with drug companies prices for the most widely used drugs that the Medicare program spends money on.

The law also includes caps on monthly out-of-pocket costs for Medicare recipients who use certain drugs, including a $35 cap on spending for insulin and a $2,000 cap for other prescription drugs.

In a speech at the White House on Sept. 27 touting the benefits of the law, Biden said the caps would give families “a little breathing room” and criticized “big pharma” for years of blocking passage of legislation affecting prescription drug costs.

The provisions the Republican senators want to repeal have widespread public support.

A poll conducted Aug. 11-14 by Navigator Research found that 81% of voters support the law’s caps on prescription drug and insulin costs; 80% of voters surveyed back giving Medicare the power to negotiate drug prices.

The measures have the support of over 68% of Republicans who were surveyed.

The Centers for Medicare and Medicaid Services noted in October that more than 5 million people on Medicare “struggled to afford prescription drugs,” adding, “People with lower incomes and those under age 65 also are more likely to skip the medicine they need because of high costs.”

Research has shown that among those most affected by high drug costs are cancer patients, many of whom have declined to purchase vital life-saving drugs because of the exorbitant costs.

The Kaiser Family Foundation reported that the high costs of health care disproportionately affects Black and Latino adults as well as adults of all races in lower income brackets.

A report by the Department of Health and Human Services released on Sept. 30 noted that the costs of many prescription drugs have increased substantially from 2016 to 2022 and that under the provisions of the Inflation Reduction Act, Medicare would be able to receive rebates from drug manufacturers in response to those price increases.

Research conducted by the Center for American Progress projected that under the new law, a couple on Medicare would save at least $2,430 on their drug costs.

Under the Republican proposal, many of those benefits would go away.

Published with permission of The American Independent Foundation.


AJ News
Get the latest news here first.

Tai News

Newsletter
Read More
AJ News
Latest
Republican Eric Hovde makes inconsistent statements about family history

Republican Eric Hovde makes inconsistent statements about family history

By Jesse Valentine - February 26, 2024
Republican David McCormick invests millions in website that platforms Holocaust denial

Republican David McCormick invests millions in website that platforms Holocaust denial

By Jesse Valentine - February 09, 2024
Lawmakers will again take up bills expanding, tightening gun laws

Lawmakers will again take up bills expanding, tightening gun laws

By Annmarie Timmins, New Hampshire Bulletin - January 31, 2024
UAW delivers rousing presidential endorsement for Biden over ‘scab’ Trump

UAW delivers rousing presidential endorsement for Biden over ‘scab’ Trump

By Ashley Murray, States Newsroom - January 24, 2024
Republicans Sam Brown and Jeff Gunter sling mud in Nevada senate primary

Republicans Sam Brown and Jeff Gunter sling mud in Nevada senate primary

By Jesse Valentine - January 17, 2024
A Young Texas Woman Almost Died Due To The Texas Abortion Bans – Now She’s Battling To Save Other Women

A Young Texas Woman Almost Died Due To The Texas Abortion Bans – Now She’s Battling To Save Other Women

By Bonnie Fuller - January 10, 2024
Health care legislation preview: Maryland advocates want to focus on access, patients in 2024 session

Health care legislation preview: Maryland advocates want to focus on access, patients in 2024 session

By Danielle J. Brown, Maryland Matters - January 08, 2024
How GOP senate hopefuls try to excuse the  January 6 insurrection

How GOP senate hopefuls try to excuse the  January 6 insurrection

By Jesse Valentine - January 05, 2024
NH lawmakers will be taking up major voting bills this year. Here are some to watch for.

NH lawmakers will be taking up major voting bills this year. Here are some to watch for.

By Ethan DeWitt, New Hampshire Bulletin - January 04, 2024
Republican US Senate candidates want to make Trump’s tax cuts permanent 

Republican US Senate candidates want to make Trump’s tax cuts permanent 

By Jesse Valentine - December 22, 2023
Rand Paul went all in on the Kentucky governor’s race. It didn’t work.

Rand Paul went all in on the Kentucky governor’s race. It didn’t work.

By - December 15, 2023
Texas governor and attorney general do little to curb state’s chemical plant crisis

Texas governor and attorney general do little to curb state’s chemical plant crisis

By Jesse Valentine - December 08, 2023
Likely GOP Senate candidate Eric Hovde proposed tax hike for poorer workers and retirees

Likely GOP Senate candidate Eric Hovde proposed tax hike for poorer workers and retirees

By Jesse Valentine - December 07, 2023
Whitmer signs specific criminal penalties for assaulting health care workers into law

Whitmer signs specific criminal penalties for assaulting health care workers into law

By Anna Liz Nichols, Michigan Advance - December 06, 2023
105 Republicans voted to expel Santos for things Trump has also done

105 Republicans voted to expel Santos for things Trump has also done

By Jesse Valentine - December 05, 2023
For Texas Sen. Ted Cruz, another Trump term is another chance to kill Obamacare

For Texas Sen. Ted Cruz, another Trump term is another chance to kill Obamacare

By Jesse Valentine - December 04, 2023
Florida Sen. Rick Scott backs Donald Trump in revived push to repeal Obamacare

Florida Sen. Rick Scott backs Donald Trump in revived push to repeal Obamacare

By Jesse Valentine - November 30, 2023
Tate Reeves took donations from power company that hiked customer rates

Tate Reeves took donations from power company that hiked customer rates

By Jesse Valentine - November 06, 2023
Daniel Cameron ran on depoliticizing the Kentucky AG’s office. He made it more political.

Daniel Cameron ran on depoliticizing the Kentucky AG’s office. He made it more political.

By Jesse Valentine - November 03, 2023
Republican operatives sound every alarm on current trajectory of 2023 governor’s race

Republican operatives sound every alarm on current trajectory of 2023 governor’s race

By Adam Ganucheau, Mississippi Today - October 24, 2023
Utah lawmakers want to repeal abortion clinic ban hoping it will speed up trigger law case

Utah lawmakers want to repeal abortion clinic ban hoping it will speed up trigger law case

By Katie McKellar, Utah News Dispatch - February 27, 2024
Republican Bernie Moreno opposes existence of minimum wage

Republican Bernie Moreno opposes existence of minimum wage

By Jesse Valentine - February 23, 2024
Texas Gov. Greg Abbott floats building a wall on the Oklahoma border

Texas Gov. Greg Abbott floats building a wall on the Oklahoma border

By Jesse Valentine - February 22, 2024
More than 48,600 18-year-olds are registered to vote in Ohio, a 35% increase from late August

More than 48,600 18-year-olds are registered to vote in Ohio, a 35% increase from late August

By Megan Henry, Ohio Capital Journal - February 22, 2024
Not if, but when: Parents of slain Parkland students urge Utah lawmakers to pass school safety bill

Not if, but when: Parents of slain Parkland students urge Utah lawmakers to pass school safety bill

By Kyle Dunphey, Utah News Dispatch - February 21, 2024