Saturday, October 08, 2022

Senate Rs show their true colors. In their view average Americans can go to hell; increased profits for their donors are more important

While this bill probably won't go anywhere (due to Rs lacking control of both chamber of Congress), Congressional Rs have made it clear what they'll prioritize if they take control of one or both chambers.


You can be sure that this bill will come up again if the Rs end up with a majority in the House, but not the Senate, just with different names attached to it.


From The Hill

Senate Republican bill would repeal Democratic drug pricing law

Senate Republicans on Friday introduced a bill that would roll back the drug pricing reforms included in the sweeping Inflation Reduction Act, including the measures allowing Medicare to negotiate drug prices and capping annual drug expenses for many seniors.

Republican Sens. James Lankford (Okla.), Mike Lee (Utah), Cynthia Lummis (Wyo.) and Marco Rubio (Fla.) introduced the “Protecting Drug Innovation Act” on Friday, saying they wanted to pull back government authority over the prices of drugs covered by Medicare.

[snip]

Democrats, who have been campaigning off of the passing of the Inflation Reduction Act, have continually warned that Republicans will seek to repeal the sweeping cost-reduction package if they take back control of Congress.

President Biden echoed these warnings earlier on Friday.

“They’re saying they’re going to repeal the Inflation Reduction Act if they gain control of Congress. Let’s be crystal clear what that means. If Republicans take control over Congress, it means the power we just gave Medicare to negotiate drug prices goes away. Gone. Prices go back up,” Biden said.


The bill in question is S 4953.


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