Pelosi sets showdown vote on Medicare drug negotiations
Her bill is expected to pass the Democratic-controlled House, but it has no chance in the Republican-run
President
The legislation from Pelosi, D-
The budget office says that could result in price cuts of 40% to 55% for pharmacy drugs subject to negotiations. The bill would allow private insurance plans to also get Medicare's price.
As a hammer to force companies to negotiate, Pelosi would impose steep sales taxes on the medications at issue. Overall, budget analysts estimated the legislation would cut industry revenues by
An initial budget office estimate found the bill would save Medicare
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