{"id":53249,"date":"2022-10-08T10:59:04","date_gmt":"2022-10-08T17:59:04","guid":{"rendered":"https:\/\/lapost.us\/?p=53249"},"modified":"2022-10-10T10:59:30","modified_gmt":"2022-10-10T17:59:30","slug":"senate-republican-bill-would-repeal-drug-pricing-law","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=53249","title":{"rendered":"Senate Republican bill would repeal drug pricing law"},"content":{"rendered":"<p>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.<\/p>\n<ul>\n<li>Republican Sens. James Lankford (Okla.), Mike Lee (Utah), Cynthia Lummis (Wyo.) and Marco Rubio (Fla.) introduced the \u201cProtecting Drug Innovation Act\u201d on Friday, saying they wanted to pull back government authority over the prices of drugs covered by Medicare.<\/li>\n<li>\u201cPrescription drug prices are too high for many critical drugs, which demonstrates the need for more competition and more options for consumers,\u201d Lankford, who sits on the Senate Finance Committee,\u00a0<a href=\"https:\/\/nxslink.thehill.com\/click\/29307291.109\/aHR0cHM6Ly93d3cubGFua2ZvcmQuc2VuYXRlLmdvdi9uZXdzL3ByZXNzLXJlbGVhc2VzL2xhbmtmb3JkLXdhbnRzLXRvLXJvbGwtYmFjay1nb3Zlcm5tZW50LXByaWNlLWNvbnRyb2xzLW9uLXByZXNjcmlwdGlvbi1kcnVncz9lbWFpbD1iMGJlZmIyZGFmY2UzYTg3ZTdmMTM2YmIwNjU0ZGYwNTNmODQ1M2FjJmVtYWlsYT0xYTI3NTdlMzU4MDAxYmEyNjMxOGIwMmI4NmY0MTMxMSZlbWFpbGI9YzFiNTg5MWVjODJkZTA5ZGJjZjk3M2FkNDk1NDYwMzJlY2U3OTUwZmIzYTdlN2NhODZkZDljZmNjYWJlNjliOCZ1dG1fc291cmNlPVNhaWx0aHJ1JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPTEwLjA3LjIyJTIwSkIlMjBIZWFsdGglMjBDYXJl\/6230d8c8b246d104952dff9aBe772ee60\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/nxslink.thehill.com\/click\/29307291.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&amp;source=gmail&amp;ust=1665510910920000&amp;usg=AOvVaw3P6UpIq-k6rXXqzteakUuk\">said in a statement<\/a>.<\/li>\n<\/ul>\n<p><strong>Refresher:\u00a0<\/strong>The bill allows Medicare to negotiate drug prices for the first time in the program\u2019s history. It placed a $2,000 out-of-pocket cap on annual drug costs for seniors on Medicare, as well as a $35 monthly copay for insulin.<\/p>\n<p>&nbsp;<\/p>\n<p>If passed, Lankford\u2019s bill states it would make it so that the drug pricing measures in the Inflation Reduction Act \u201chad never been enacted.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>White House press secretary Karine Jean-Pierre lambasted the bill on Twitter, saying it puts \u201cspecial interests before working families.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cTheir new bill is a giveaway to Big Pharma at the expense of seniors by ending Medicare\u2019s new ability to negotiate lower drug prices,\u201d Jean-Pierre said. \u201cTheir vision for the country is extreme and out of touch with working families across the country.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senate Republicans on Friday introduced a&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-53249","post","type-post","status-publish","format-standard","hentry","category-health"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/53249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53249"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/53249\/revisions"}],"predecessor-version":[{"id":53250,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/53249\/revisions\/53250"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}