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US would gain power to negotiate drug prices under Manchin-Schumer bill

An agreement among Senate Democrats revived legislation to dramatically expand government regulation of prescription drug prices and limit out-of-pocket payments for Medicare seniors who use expensive drugs.

If the bill becomes law, Medicare will gain the power to negotiate how much it pays for certain prescription drugs and will force drugmakers to give a rebate if they raise the prices of their drugs above the drug rate. ‘inflation.

wsj

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