The decision comes as Schumer is now the Senate’s #2 recipient of pharmaceutical industry campaign cash.
By David Sirota, The Lever
Senate Majority Leader Chuck Schumer (D-N.Y.) let a U.S. Senate adviser kill key parts of Democrats’ promised drug pricing legislation, as Schumer has become the Senate’s second largest recipient of pharmaceutical industry cash.
On Saturday, the Senate’s parliamentary adviser Elizabeth MacDonough — who Schumer can remove — issued a non-binding advisory opinion saying Democrats should remove provisions in their spending bill that would punish drugmakers for inflating their prices for patients in private health insurance plans. The provision could have saved $40 billion, according to one estimate.
“The exclusion of the private insurance price limits means there is little left that will reduce costs for the vast majority of Americans who receive health insurance through their private sector employer,” reported Politico.
MacDonough also advised Democrats against including a provision in their legislation to cap out-of-pocket insulin costs at $35 a month for people on private insurance plans. Democrats ultimately held a failed vote to overrule her on the insulin cap.
Recent Posts
These Billionaires Have Already Spent $19 Million In A Bid To Defeat Mamdani
Take Action Now Michael Bloomberg and anti-DEI pundit Bill Ackman are just two of the many billionaires showering cash on Cuomo.By Mike Ludwig,…
Does The House Have The Grit To ‘Block The Bombs’ To Israel?
Take Action Now Lawmakers returning from recess have a chance to do what their constituents are telling them to — stop US complicity in Gaza……
The Moral And Strategic Idiocy Of The DNC
Take Action Now At its meeting this week, the DNC opposed a ban on U.S. provision of offensive weapons to Israel.By Harold Meyerson, The American…
From Guernica to Gaza, Mass Killers Have Been Above It All
Take Action Now The Detached Cruelty of Air PowerBy Norman Solomon, Tom Dispatch Killing from the sky has long offered the sort of detachment that…