Finance GOP Still Balking At Inflation Caps, Dems Want Drug Negotiation

Lawmakers on the Senate Finance Committee did not hesitate to criticize the grand drug-pricing bargain Senate Finance Chair Chuck Grassley (R-IA) and ranking Democrat Ron Wyden (OR) rolled out Tuesday (July 23). Some Republicans are wary of the bill’s provisions that would make drug makers pay back Medicare for price hikes higher than inflation, and Democrats want to give the HHS secretary authority to directly negotiate drug prices in Medicare. Despite having several member meetings with Grassley in recent weeks,...