Still, the measure would not deliver every tool that Democrats would like for reining in prescription drug costs.
Pharmaceutical companies would still be able to charge Medicare high prices for new drugs.
That is a disappointment to the progressive wing of the party; The American Prospect, a liberal magazine, has dismissed the measure as “exceedingly modest.”.
Prescription drug prices in the United States are far higher than those in other countries.
A 2021 report from the RAND Corporation found that drug prices in this country were more than seven times as high as in Turkey, for instance.
Since 1998, it has spent $5.2 billion on lobbying, according to Open Secrets, which tracks money in politics.
Drug makers spread their money around, giving to Democrats and Republicans in roughly equal amounts. »