Senate Democrats have reached agreement on a key portion of a revised domestic policy bill, once known as Build Back Better, which would allow Medicare to negotiate prescription drug prices, a source familiar with the matter says.
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Sen. Joe Manchin talks with Senate Majority Leader Chuck Schumer on the White House campus in Washington, March 15, 2022.MORE: Manchin says he's a 'no' on Biden's Build Back Better social spending plan The move by Sen. Schumer "demonstrates major progress and shows leadership's commitment to trying to move forward with a bill on the floor as early as next month," the source told ABC News.
"The prescription drug bill released today went from bad to worse for patients. Democrats weakened protections for patient costs included in previous versions, while doubling down on sweeping government price-setting policies that will threaten patient access and future innovations. In fact, they are proposing to repeal a policy that would have directly lowered costs at the pharmacy for millions of seniors in favor of a new price-setting scheme.
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