Home » Democratic Lawmakers Introduce Medicare Price Negotiation Bill
Democratic Lawmakers Introduce Medicare Price Negotiation Bill
Medicare administrators could negotiate lower prices with drug companies, potentially saving the federal government billions of dollars a year, under legislation House and Senate Democrats are introducing in Congress.
Democratic Reps. Elijah Cummings (Md.), Lloyd Doggett (Texas) and Peter Welch (Vt.), alongside Sen. Bernie Sanders (I-Vt.), unveiled a bill this week that would allow Medicare Part D to negotiate lower drug prices with pharmaceutical companies.
The legislation would direct HHS to create a new Medicare formulary, and would reinstate requirements for drugmakers to issue rebates to low-income beneficiaries — a measure removed following the 2006 launch of the Part D program.
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