Senate MP Fixes Most of Dems’ Drug Price Controls

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WASHINGTON (AP) — Senate MPs Collapsed Democrats’ plans to curb drug prices but left it largely unscathed on Saturday, Democrats said, as party leaders prepared to push their massive economic bill through the chamber.

Elizabeth McDonough, the arbiter of the chamber’s rules, said provisions should be removed that would force drugmakers to pay rebates if their prices rise above inflation for products sold to private insurers.

But if the prices of drugs purchased by Medicare go up too high, drug companies will have to pay those penalties.

Other parts of the law, such as allowing Medicare to negotiate costs for the drugs it buys, reducing out-of-pocket expenses for senior citizens, and providing free vaccines, all survived.

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